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Formula 1: How much does a car cost| Standings| Points
Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l’Automobile (FIA). The World Drivers’ Championship, which became the FIA Formula One World Championship in 1981, has been one of the dominant forms of racing around the world since its inaugural season in 1950. The word formula in the name refers to the set of rules to which all participating cars must conform.[1] The Formula One season consists of a series of races, known as Grand Prix, which take place around the world. occurs on both purpose-built circuits and on closed public roads.
| Category | Open-wheel single-seater Formula auto racing |
|---|---|
| Country | International |
| Inaugural season | 1950 |
| Drivers | 20 |
| Teams | 10 |
| Chassis manufacturers | 10 |
| Engine manufacturers |
|
| Tyre suppliers | Pirelli |
| Drivers’ champion |  Max Verstappen (Red Bull) |
| Constructors’ champion |  |
| Official website | formula1.com |
How much does a car cost
F1 Car Price 2022: F1 cars are quite expensive, and teams spend millions to build and develop them.
Formula 1 cars are some of the fastest animals in the world, with speeds consistently exceeding 300 km/h. And of course, they cost a huge amount to make.
The cost mostly depends on how much teams are willing to spend on its development. Traditionally, F1 giants such as Ferrari and Mercedes spend the most, with costs estimated at over $400 million. On the other hand, little ones like Haas spend less on it than they do.
But to level the playing field and make the race more competitive, the FIA has come up with a cost cap to be implemented in the upcoming season. Constructors can spend a maximum of $175m on the performance factors of the car, depending on the cost range. It is expected to help smaller teams achieve greater success than the current one.
Standings
Get the latest F1 news and news from other motorsport series at RacingNews365.com, the world’s leading independent F1 website providing daily F1 coverage.
Keep up to date with top drivers including world champions Lewis Hamilton, Max Verstappen, Sebastian Vettel and Fernando Alonso, established stars Daniel Ricciardo and Sergio Perez, and young men Lando Norris, George Russell and Charles Leclerc.
Check out the 2022 F1 calendar for an overview of all races, with comprehensive background and real-time information.
Points
Points are used in Formula One to determine the outcome of both the Drivers’ and Constructors’ World Championships. The championship is awarded to both the driver and the team that scores the most points in the championship season.
In 2022, points are awarded to the first ten finishers, including 25 for a win, 18 for the second, 15 for the third, then 12, 10, 8, 6, 4, 2 and 1 for the remaining top ten finishers. are there; If a driver in the top ten scores the fastest lap they earn an extra point. Sprints are held occasionally throughout the season where points are awarded to the top eight finishers, including 8 for the win, 7 for the second, 6 for the second, 6 for the third, then to the top eight remaining finishers. For 5, 4, 3, 2, and 1. , Previously, only the top five and the setter of the fastest lap were awarded points; then in the top six finishers; The top eight finishers were then introduced in 2010, prior to the current system. In 2014, double points were awarded in the final race of the season.
