Chase Carey hits back after Formula E chief comments. He added that Formula One will remain the pinnacle of motor sport.

Irish-American executive Chase Carey, who is the chief executive officer and executive chairman of the Formula One Group, has hit back at his Formula E counterpart, insisting that Formula One will remain the pinnacle of motor sport in the future. Formula E chief Alejandro Agag said recently he thinks the all-electric series will be able to take over from Formula One within a decade or two.

“I’m glad he has a crystal ball,” F1 chief executive Chase Carey laughed to media outlets including Germany’s Sport Bild. “Formula E is not our competitor. It represents something that matters to all of us – the environment – but I see it as more of a street party than a sports event,” he added, as reported by the British and German media.

“People who have been there say they had fun because there was music and good food, but Formula One is watched worldwide and we now have the opportunity to take it to a new level. And I believe other series can help us, because they create interest. But the top series is and will remain Formula One.” – Chase Carey concluded.