Mercedes has officially confirmed its exit from Formula E after next season, saying the decision was made as part of a strategic realignment of resource allocation for electric vehicle development.
During the last race weekend of season 7 in Berlin - where Mercedes-EQ driver Nyck de Vries secured the drivers' title and Mercedes-EQ was crowned team world champion thanks to Stoffel Vandoorne's podium finish - it was already leaked in advance that the Stuttgart manufacturer's works team would probably withdraw.
As Daimler has now announced, Mercedes-Benz will end its involvement with the "Mercedes-EQ Formula E Team" at the end of season 8. This means that the team is withdrawing after three seasons: in season 5, the "HWA Racelab" team formed the vanguard and gained its first experience in the electric racing series before Mercedes-EQ took over as the factory team in season 6.
Mercedes-Benz justifies its exit from Formula E with its focus, announced at the end of July, on becoming fully electric in its road cars before the end of the decade - where market conditions allow. As part of its new strategic direction, the brand said it had "consciously decided to reallocate resources in favour of this faster ramp-up of electrification", with previous expertise and resources from Formula E powertrain development now to be channelled into the development of the three new electric architectures Mercedes plans to introduce in 2025.
"In this decade, we at Mercedes-Benz are fully committed to combating climate change, which requires an accelerated transformation of our company, our products and our services towards a zero-emission and software-driven future," says Daimler and Mercedes Board of Management member Markus Schäfer. "To achieve this, we need to focus fully on our core activities."