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How Expensive is Formula 1

formula-1-car

The Formula One came from the European Grand Prix Motor Racing. Grand Prix motor started in France around 1890. After the second world war, Grand Prix racing teams agreed upon to make some changes to the racing industry. That is when the idea of Formula 1 racing was born.

The reason it called Formula 1 or F1 because unlike Grand Prix Motor Racing, Formula 1 maintain some strict guideline or rules. These guideline or rules ware first imposed in 1950. Over the years many of the guidelines has been changed or updated Here are some of the guidelines or rules-

Guideline 1 : Chassis

  • An F1 car can be no more than 180 cm wide and 95 cm tall. There is no rule for maximum length.
  • The car must only have four wheels
  • Front two will be used for steering
  • Rear two will use for drive.
  • The cockpit must survive a 25 kN or 5,600 lbf) of pressure.

Guideline 2 : Engine

Engine size not not allowed to exceed 2.4L. The crankshaft must be made of steel or cast iron. As a matter of fact engine design need to follow the maximum number of guidelines.

Guideline 3 : Refueling

Every car starts with a full tank and refueling is no longer permitted during the race.

Guideline 4 : Tires

Currently there is only one official supplier – Perelli. Tires comes with five difference specification – ultra soft, super soft, soft, medium and hard. Different types of tines can only be used based on track condition. So same type of tire cannot be used in all types track.

Guideline 5 :How Winner is Decided

Winners are decided by number of points. To earn points, driver may not need to complete the race, but 90% of the racing distance must be completed during a race.

Guideline 6 : Communication between Driver and Team

  • Driver must drive the car completely unassisted.
  • Racing teams are prohibited to supply all types of track related information to the driver.
  • Driver need to win and complete the race using his driving skill and cars performance.
  • There are may other guidelines and regulation for safety and standards

 

Drivers License

Formula 1 driving license criteria list is quite long. No one can drive a Formula 1 car without a FIA Super License. To be a Formula 1 driver, one must have long driving experience.Here are few of them –

  • They must be 18 years or older and meet strict performance standards.
  • Driver must an experienced race driver and only one way to do that is to be in the racing industry for long time,
  • Driver must have different type of speed racing experience and must win numerous race. Because this is how they will collect points. Once a driver accumulated certain point they can apply for a formula 1 drivers license.
  • Licenses fess (include all regulatory fees) can go more then US $250000 dollars a year.
formula-1-logo

Formula 1 Official Logo

Speed Record

Gilles-Villeneuve (Canada) 325 km/h (203 mph),
Indianapolis (USA) 335 km/h (210 mph),
Maxium Monza (Italy) 360 km/h (225 mph).

 

Cost of the Car

Cost of the car depends on the team. Teams like Mclaren and Ferrari can spend up-to $500 million in a session. The car itself has many parts and each has it’s individual price. But the engine is the most expensive section. 2011 Mercedes spent $178.6 million on its F1 engine division.

So it all cost of the car depends how much each team is spending on different parts. On an average each formula 1 car can cost more then five million.

Driver’s Salary

Formula 1 is the ultimate goal for a speed car racer and only few can make it. It is the most expensive sporting event. Depends on the racing team, a driver can easily make millions in a years. Here are some of the driver who made big in 2016

  • Sebastian Vettel (Ferrari) – $50 million (£33.4m)
  • Fernando Alonso (McLaren) – $40 million
  • Lewis Hamilton (Mercedez) – $31 million
  • Daniel Ricciardo (Red Bull) $5.5 million
  • Pastor Maldonado (Renault) $3.2 million
  • Felipe Nasr (Sauber) $185k

Writer – Rubayat M.