Only the very best can be a part of Formula One, which is regarded as the pinnacle of all motor racing. Many things make F1 different from other sports. It’s not just about the cars; it’s also about the people.

It may be entertaining, but it also brings together some of the best athletes in the world of Motorsport. There are only 20 available seats at any given time, and it features the best car and technology and the most innovative strategy.

Want to learn more about F1 Racing? Keep reading!

What is Formula 1?

The pinnacle of single-seater Racing, F1 features open-wheel cars and races on both permanent and street circuits. Every season, it visits some of the most prominent racing hotspots, such as Monaco, Italy, Belgium, and the UK. It ventures into new territories such as the Netherlands, Azerbaijan, Saudi Arabia, and Singapore.

Formula 1 is a competition series that features ten teams. Each team has two drivers. It has a league table format, and points are awarded throughout the season.

Formula One was first established in 1950 by the FIA, which oversees the rules and regulations of the sport. Every year, teams create unique cars, often with vehicles with high cornering speeds. On the straights, cars in Formula One can reach speeds of over 200 mph.

How Does a Team Qualify for F1?

The qualifying process determines the starting positions for the races each weekend. It takes place on a Saturday or on a Friday during Sprint weekends. During the first part of the session, all drivers go around the track to set a fast lap time. In the second part of the session, 15 drivers are involved, and the slowest five are dropped.

During Q2, the top 10 teams advance to the next round, where they face off against each other in a shootout. The fastest time in the shootout will win the pole position and start the race on Sunday. The other places are determined by the laps that the fastest teams complete.

How Much Does an F1 Car Cost? 

The cost of building a Formula One car is enormous. Each team must spend millions of dollars developing and racing their cars each year. They are usually created to race for one season and are given upgrades throughout the year to improve their performance.

A Formula One car can vary depending on the team’s budget and the type of parts that they need to develop. For instance, the chassis of a car can cost up to around $700,000, while the halo surrounding the driver can be around $17,000. The engine, the most expensive component of an F1 car, can cost up to $ 18 million.