Formula E Generated €5.6 Million in Social Value
The electric racing series impacted over 86,000 people during its 2024/25 season.
Updated on Oct. 3, 2026 in Electric Vehicles
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Formula E generated €5.6 million in social value and impacted 86,007 individuals during the 2024/25 season. The championship utilized a socio-economic framework developed with Deloitte to assess its global community initiatives.
Why it matters
The series aimed to link electric racing with real-world sustainability challenges while ensuring long-term community benefits in host cities. Initiatives like the Better Futures Fund were specifically designed to provide lasting support in the regions where events took place.
The championship recorded a 241% rise in social impact, achieving a 2.7 Social Return on Investment. It further scored 85% in the Global Sustainability Benchmark in Sport and supported 680 sustainability-focused roles.
The players
Formula E
This is a racing championship for electric-powered cars that operates as an international sporting entity.
Deloitte
This is a global professional services network that collaborated with the racing series to develop its socio-economic measurement framework.
The details
Formula E engaged with 960 local community partners and reached 61,678 pupils through its Driving Force STEM and Sustainability Education programme. Activities included 15 hands-on school workshops hosted in cities including Jeddah, Miami and London.
Timeline
The 2024/25 season served as the primary timeframe for these social impact initiatives.
Formula E targets a 50% reduction in Scope 1 and 2 emissions by 2030.
The championship aims to reduce total emissions by 90% by 2050.
Roadmap
This performance reflects a broader industry shift where motorsport series increasingly prioritize environmental and social governance metrics to maintain relevance. By aligning with standards like the BSI Net Zero Pathway, racing leagues are transitioning from pure entertainment to models of sustainable technology demonstration.
Local communities in host cities benefit from direct STEM education programs and targeted grants through the Better Futures Fund. For the global audience, these initiatives demonstrate how major international sporting events can integrate local sustainability goals into their operational framework.
The takeaway
Formula E demonstrates that professional racing can function as a vehicle for measurable social and educational progress. Readers can observe how large-scale sporting organizations increasingly use sustainability frameworks to justify their global footprint.
Further reading
Learn more about the latest innovations and standards within the Electric Vehicles industry.
Source note: This article includes information reported by The Times of India.
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