Formula One - What's the Cost?

Due to last week's absence in F1 content, I'll be putting up a second article this week. Today, I'll be trying to answer an important question - for all the entertainment Formula One provides, how much does this cost?

First, in terms of money, Formula One teams currently vary wildly in terms of spending on car parts and development. Teams such as Ferrari and Mercedes can spend nearly half a billion dollars on cars alone, while even 'smaller' teams such as Haas can spend more than a hundred million dollars a year. The FIA is planning to step in in 2021 to institute a price cap of $175 million, though across all teams in the sport this is still an incredible amount of money to spend.

There's another cost to consider in Formula One racing, though - the sport's sizeable carbon footprint. By the FIA's own estimates, the sport currently emits over two-hundred thousand tons of carbon a year, a dangerous amount even compared to the worrying global statistics of carbon emissions. On the positive, the sport has declared an intention to be carbon neutral by 2030, but this is still a long time to continue pumping pollutants into the air.