Worth $5.11bn in 2022 and projected to reach a valuation of $7.47bn by 2028, the motorsports industry is in race to reduce its emissions and secure its future – with hydrogen’s role increasingly edging to the forefront of plans.
he pinnacle of motorsports, Formula 1 (F1), amassed an average viewership of 1.11 million per race in the 2023 season, whilst the viewing figures for the first 12 races of the 2023 season in MotoGP saw a 20% audience increase from 2022, proving the scale of the motorsports market.
In 2019, F1 launched its Net Zero Carbon by 2030 initiative, after an extensive report into the championship’s environmental impact found it was responsible for generating 256,000 tonnes of carbon dioxide (CO2) emissions during the 2019 season.
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