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Formula racing (known as open-wheel racing in North America) is any of several forms of open-wheeled single-seater motorsport. The origin of the term lies in the nomenclature that was adopted by the FIA for all of its post-World War II single-seater regulations, or formulae. The best known of these formulae are Formula One, Formula E, Formula Two, Formula Three, regional Formula Three and Formula Four. Common usage of "formula racing" encompasses other single-seater series, including the IndyCar Series and the Super Formula Championship. Categories such as Formula Three and Formula Two are described as feeder formulae, which refers to their position below top-level series like Formula One on their respective career ladders of single-seater motor racing. There are two primary forms of racing formula: the open formula that allows a choice of chassis or engines and the control or "spec" formula that relies on a single supplier for chassis and engines. Formula Three is an example of an open formula, while Formula BMW is a control formula. There are also some exceptions on these two forms like Formula Ford where there is an open chassis formula but a restricted single brand engine formula. History of Formula One In the process of reviving Grand Prix racing after the end of World War II, the Fédération Internationale de l'Automobile's Commission Sportive Internationale was responsible for defining the standardised regulations of Formula One (F1) in 1946. The first race to be run to the early Formula One regulations was a non-championship Grand Prix in Turin in September 1946. The first officially recognised Formula One season was held in 1947 and the World Championship for Drivers was inaugurated in 1950. This was the first example of formula racing. FIA Formula E Championship Formula E is the highest class of competition for single-seat, electrically-powered racing cars, which held its inaugural season in 2014–15. Conceived in 2012, the championship was intended by the FIA to serve as an R&D platform for the electric vehicle and promote interest in EVs and sustainability.

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Formula racing

Open-wheel car

An open-wheel single-seater (often known as formula car) is a car with the wheels outside the car's main body, and usually having only one seat. Open-wheel cars contrast with street cars, sports cars, stock cars, and touring cars, which have their wheels below the body or inside fenders. Open-wheel cars are built both for road racing and oval track racing. Street-legal open-wheel cars, such as the Ariel Atom, are scarce as they are often impractical for everyday use.

Indianapolis 500

The Indianapolis 500, formally known as the Indianapolis 500-Mile Race, and commonly called the Indy 500, is an annual automobile race held at Indianapolis Motor Speedway (IMS) in Speedway, Indiana, United States, an enclave suburb of Indianapolis. The event is traditionally held over Memorial Day weekend, usually the last weekend of May. It is contested as part of the IndyCar Series, the top level of American open-wheel car racing, a formula colloquially known as "Indy car racing".

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