Andrew Forrest says Formula 1 belongs in a museum as Formula E team unveils Gen4 livery

Andrew Forrest sees a place for Formula 1 — but, in his vision, inside a museum. At the launch of Fortescue Zero Racing's Gen4 livery, the Fortescue founder predicted younger generations would gravitate towards Formula E, which he described as the highest-performing, most technically advanced and most environmentally friendly form of racing.

Forrest also called Formula 1 fantastic and warned that time was ticking fast. He would like to see a Formula E Gen4 car race any F1 car, while acknowledging that arranging such a contest was not his decision. He said he would not care whether his side finished first or second; in his view, the key was whether the Gen4 car could come close, since his team was doing in months and years what Formula 1 had taken decades to do.

Fortescue Zero Racing is due to enter Formula E's 2027 season as the series' first Australian-licensed outfit. The team was built after Fortescue's green-energy business acquired Penske Autosport in September; the group also acquired Williams Advanced Engineering in 2022 and previously served as Formula E's official Pit Boost charging provider and a technical partner to Jaguar. Fortescue Zero Racing will run customer Jaguar Gen4 powertrains from its Kidlington base under team principal Jim Wright.