Honda will withdraw from Formula One at the end of the 2021 season, the Japanese engine maker announced on Friday citing “environmental initiatives”. Honda, which resumed competition in F1 in 2015, is the power unit supplier of Red Bull and Alphatouri.
The company said it had achieved its goals of winning last season and two wins in 2020.
“In the meantime, as the automobile industry once undergoes a hundred years of great change, Honda has decided to strive for the attainment of carbon neutrality by ‘2050,” Honda said in a statement. “This goal will be pursued as part of Honda’s environmental initiative which is one of Honda’s top priorities as a mobility manufacturer.
“Towards this end, Honda needs to funnel its corporate resources into research and development in the areas of future power unit and energy technologies in fuel cell vehicle (FCV) and battery EV (BEV) technologies, which will be a core part of carbon. is required. Free technologies, ”it said.
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