Formula E founder Alejandro Agag says the news of Honda's departure from Formula 1 at the end of 2021 is a big blow for motorsport as a whole.
Honda announced on Friday that it will conclude its partnerships with Red Bull Racing and AlphaTauri at the next of next year, leaving the energy drink company's teams in need of a new engine supplier.
Honda says its decision was rooted in the paradigm shift of the automobile industry and a strategic need to devote its engineering resources to electric cars, alternative energy and its quest to achieve carbon neutrality by 2050.
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"I see it as bad news for motorsport in general," Agag told Reuters. “I don’t see this as good news for Formula E and bad news for Formula 1.
"We in Formula E also need Formula 1 to be successful because we don’t see each other as competitors. We see each other as on the same boat and competing against tennis, football and other sports."
Honda president Takahiro Hachigo said the Japanese manufacturer would maintain its presence in IndyCar and in other motorsport categories, but dismissed an entry into Formula E, at least for now.
"If one manufacturer leaves motorsport, it doesn’t mean it’s going to come through another door to us," said Agag.
"It may stay out of motorsport altogether so that’s not good news."
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