Fortescue boss Forrest says Formula One should be in a museum

Australian mining mogul Andrew Forrest declared Formula One should be displayed in a museum during the unveiling of his electric Fortescue Zero Racing team on Friday. The founder and executive chairman challenged the traditional racing series to a head-to-head competition. Forrest expressed his belief that Formula E, the all-electric racing series, would be more appealing to the younger generation due to its cutting-edge technology and environmentally friendly nature.

He emphasized that Formula One's time is running out, as its next-gen car will not be as fast as the new Gen4 car set to debut in Formula E's 2026/27 season. Forrest is the first Australian-owned team in Formula E, formed after acquiring Penske Autosport last September. The team will race their Gen4 car powered by Jaguar, with British drivers Dan Ticktum and Taylor Barnard.

Despite their strong connection to Formula One through billionaire John Malone, Forrest was clear on his stance, stating that he wants to see Formula One compete with Formula E and measure their progress against the older championship.