How much do F1 cars cost?

F1F1 is the pinnacle of open wheel,  single seater car racing and arguably the highest level of any motorsport globally.... There's more... is the most expensive sport on the planet. The costs start with design and snowball through developmentF1 is a race off the track as well as on the track, with teams fighting to develop the fastest... There's more..., production, testing, logistics and racing. Today teams work under a cost capThe cost cap, or budget cap, is the amount of money a team can spend on the car's performance in... There's more... of $145,000.000.00 which covers all costs associated with producing and racing the car, with a number of exclusions. The most notable are the power unitF1 cars no longer have engines as such, they run a hybrid power unit (PU) that delivers in the order... There's more..., drivers’ contracts and the top three executive salaries.

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Front wingThe front wing is one of the more important parts of an F1 car. It is the first part of... There's more...:	$150,000
HaloA driver crash-protection system used in open-wheel racing series, the halo consists of a curved bar placed to protect the... There's more...	$17,000
Set of tires	$2,700
Steering wheelAn F1 car steering wheel is a custom-built device that, in addition to steering the car, feeds back to the... There's more...	$50,000
Engine Unit	$10.5 million
FuelIn 2022 F1 cars run on 87 octane fuel which is 10% ethanol As part of their green strategy, Formula... There's more... Tank	$140,000
Carbon FibreCarbon fibre is used to construct F1 cars as it has the highest strength and stiffness per density than metal... There's more... (Chasis)	$6,50,000 – $700,000
HydraulicsF1 hydraulics form part of the ECU (Electronic Control Unit) and control multiple systems including the brakes, power steering, transmission... There's more...	$170,000
GearboxF1 cars use an 8-gear, sequential automatic transmission, meaning that there is a clutch, but no clutch pedal. The clutch... There's more...	$400,000
Rearwing	$85,000
Total Car Cost	$12.20 million