Honda has announced that it is terminating its participation in the Formula 1 competition to focus on research and development of electric battery vehicles and fuel cells. The vehicle manufacturer will work with the Red Bull and AlphaTauri F1 teams until the end of 2021.
Honda is currently producing turbocharged hybrid powerhouses for the Red Bull Racing team, which ranks second in the F1 design rankings, along with the associated Red Bull Scuderia AlphaTauri team.
The manufacturer said it had achieved its goal of winning three last season and (so far) two in 2020. According to him, the automotive industry is now going through such a transition period, which happens “once in a hundred years”. Honda aims to achieve carbon neutrality by 2050. In this regard, it was decided to invest in the transition to environmentally friendly technologies such as fuel cells and battery-powered electric cars. All the knowledge accumulated during participation in Formula 1, especially in the field of energy management and fuel technologies, will be transferred to the new research center.
Honda will continue to work with the Formula 1 Red Bull Racing and AlphaTauri teams until the end of 2021.