Formula 1 CEO and chairman Chase Carey has hit back at comments by Formula E boss Alejandro Agag that the all-electric series will be the only viable form of motorsporﷺt in 20 years' time, likening the championship tꦛo "more of a street party".

Formula E has e🥃njoyed rapid growth since hitting the track for the first time in 2014, boasting more manufacturer interest than F1 through the likes of Renault, Audi, Ja🐼guar, BMW, and, as of 2019, Porsche and Mercedes.

that he expected Formula E to "be the only mot𝓀orsport 🍒out there" in 20 years' time given the global shift towards electric cars, but Carey brushed off his comments.

"I'm glad he has🍸 a crystal ball that can look 20 to 30 years in🗹to the future," .

"Formula E is not a competitor for us. I💛t rep🌌resents one thing that matters to all of us: the environment.

"It's more of a street party than a sports event. People who were therꦕe told me they had fun because there was music and good food.

"Formula 1 is watched worldwide, and we now have the opport⛄unity to take it to a new level. I believe that other series even 🌊help us, because they create interest.

"The premier class is and remains Formula 1."