How much does a F1 steering wheel cost?
While Formula 1 teams are required to operate within a $140 million budget cap, the components being fitted to their cutting-edge cars aren’t where teams put the financial squeeze. For example, the steering wheel on an F1 car is estimated to cost up to $100,000. Do F1 teams pay for the tyres? No, Formula 1 teams do not pay the full cost of their tyres. Instead, they pay a standard flat fee as part of a season-long supply agreement with Pirelli, the sport’s exclusive tyre supplier. This fee covers logistics, support services, and tyre provision for every race weekend.However, f1 tyres cost far more than this. According to motorsport magazine, head of pirelli motorsport mario isola confirmed that each tyre costs €600. Translated to gbp and usd, this figure would be approximately £500 and $625. Using those figures, a set of four f1 tyres would cost an estimated £2000 ($2500).Formula One (F1) tires are a crucial component of race performance, with each set costing about $2 700 USD (£2 133). For a Grand Prix weekend, where each F1 team requires 13 sets per driver, the total price of tyres per race per driver amounts to $35 100 (£28 205).Formula 1 cars are among the most expensive and technologically advanced vehicles globally. Estimates place the cost of a single F1 car in 2025 at roughly $16 million, though this can range between $12 million and $20 million depending on the team and upgrades.
How much does F1 fuel cost?
Currently, F1 cars use a fuel blend composed of unleaded petrol and ethanol, with strict regulations governing the mixture. The cost of this fuel ranges from $22 to $33 per litre. Since the implementation of the current regulations in 2022, the ethanol component was increased from 5. These power units produce more than 1,000hp but are only built to last for around 1,500 miles of competitive racing. Each F1 engine comes with a price tag between $11 million and $16 million, making them one of the most expensive components in the sport.