The FIA, the Paris-based motorsports governing body, has signed a multi-year extension to its agreement with Formula E ownership for the continued promotion of the FIA Formula E World Championship all-electric, single-seater series.

The multi-year agreement secures the rights to the FIA Formula E World Championship for an additional 10 years beginning in 2038, when the previous agreement was set to expire.

The long-term extension will enable Formula E to build further on its growth, series officials said, providing the FIA World Championship with the long-term vision and support to thrive in the years to come, and opening the door to strategic long-range partnerships and expanded fan engagement.

Under current plans, Formula E is set to continue its phased development strategy for its racing cars, delivering faster top speeds, greater acceleration, enhanced aerodynamics and improved tire performance in an effort to showcase the increased relevance to consumers and the wider EV market.

For more information, visit fiaformulae.com.