Formula E race cars up for sale
Unlike Formula 1, where all the cars are built and owned by the individual teams, Formula E bought and owns all 40 of the first-generation electric racing cars itself. When the first-gen models were originally purchased, Formula E paid around 16 million euros ($18.4 million) for them, which worked out at about 400,000 euros or $460,000 each. Like most used cars, they’re not going to fetch as much as Formula E paid for them, but they’re still not going to be what anyone would call cheap. Even though some of them will have presumably competed in all four seasons, it’s believed they are being offered for sale for somewhere between $200,000 and $289,000 each. Although every car is identical in terms of its chassis and battery, the individual resale values are likely to be determined by victories, sentiment and other factors. The cars are being replaced because battery technology has moved on considerably in the last four years, so the second-generation cars will be able to complete in an entire 45-minute race on a single charge. Thanks to new batteries being supplied by McLaren Applied Technologies with twice the capacity of the first-generation units, the 2019 Formula E season will no longer see drivers having to swap cars when the battery runs out because there obviously wasn’t time in a race to recharge.