Porsche Waves Goodbye To WEC, Says Hello To Formula E

German car manufacturer, Porsche has become the latest team to join electric vehicle racing series, Formula E after confirming that it will quit the LMP1 division of the World Endurance Championship (WEC) at the end of this season.

The German car manufacturer has opted to terminate its contract with the elite series in long-distance sportscar racing one year before the end of its existing commitment. The team will instead use the time to focus on its inaugural entry to the world’s first electric vehicle racing championship in 2019/20.

The decision to quit LMP1 leaves Toyota as the only manufacturer potentially committed for 2018, and the Japanese team is set to review its participation following the departure of its only existing competitor.

Porsche is the latest of a host of carmakers to make the switch to Formula E, with its the announcement coming shortly after Audi and Mercedes confirmed they will join the grid at the start of the 2017/18 and 2019/20 seasons respectively.

Porsche’s motorsport division will continue with international GT racing and with the 911 RSR in the GTE classes of the WEC, but will be waving goodbye to LMP1.