A Formula One (also called F1) car is a single-seat, open cockpit, open-wheel racing car with substantial front and rear wings, and an engine positioned behind the driver, intended to be used in competition at Formula One racing events. The car can cost as much as $14 million.
The 1.6-liter turbocharged V6 engines generate 800 horsepower. An additional 160 hp is created by regenerative braking and redundant turbo energy. They can travel up to 230 miles per hour. The cars have to weigh at least 1548 lbs., and must be a max of about 6 ft. wide and about 3 feet tall.
The races are held on circuits, usually 3 – 5 miles long and an irregular shape. 73 circuits have hosted a Grand Prix, but there are usually about 20 per year. The circuits are purpose built or are on closed city streets.
Formula One racing is governed and sanctioned by a world body called the FIA − Fédération Internationale de l'Automobile or the International Automobile Federation. The name ‘Formula’ comes from the set of rules that the participating cars and drivers must follow.