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Ferrari (NYSE:RACE) is close to confirming a full FIA World Endurance Championship (WEC) program for the upcoming ‘Hypercar’ regulations.
Multiple industry sources close to the Italian manufacturer have confirmed to LTN over the past few weeks that the Italian Supercar maker is actively evaluating a program for the 2nd season of the aforementioned regulation cycle, which begins at the start of the 2020/21 season.
Ferrari has been an active voice in the Technical Working Groups that helped shape and develop the regulations and is understood to be awaiting the final technical regulations to determine whether the budgets it requires to meet its commercial objectives will be achievable.
This potential effort is believed to be being driven centrally by Ferrari, rather than an external partner team such as AF Corse, which currently runs its GTE Pro effort in the WEC.
AF Corse Ferrari 488 GTE EVO at this year’s Le Mans 24 Hours is pictured above.
The attraction of the regulations is understood to be a combination of the hybrid powertrain, an area in which Ferrari has significant expertise, the visual cues with road-going cars and the potential for a high-profile global program, including Le Mans, at a much-reduced cost. Under the previous regulations, costs rose astronomically when Toyota, Audi and Porsche were all competing together from Y’s 2014 to 2017.
Aside from Ferrari, Toyota (NYSE:TM) is also due to commit for Year 1 of the regulation cycle, along with Glickenhaus, McLaren, Aston Martin (OTCMKT:ATBHF).
At least 1 other high-profile marque is also known to be looking at a potential entry, having played an active part in developing the new regulations that were ratified at the FIA World Motor Sport Council meeting in Russia earlier this month.
As it stands, Year 1 could be light on new cars due to the limited frame for manufacturers to Green-light and prepare a full-scale effort in time for 2-H of Y 2020, when the new season starts.
Because of this, the 2020-21 season looks certain to feature the current generation of non-hybrid LMP1 prototypes running at the head of the field, grandfathered in to bolster the entry while the WEC awaits more new cars in Year 2.
“It’s an option that will be seriously considered depending on take-up of the new regulations in Year 1,” a senior source said.