Renault has confirmed the reason for its decision to pull out of Formula E, with it wanting to focus on Formula 1 to ensure it can meet the "aggressive goals" it has set itself and its customer teams.
Nissan, which is part of the Renault–Nissan–Mitsubishi Alliance, announced it would takeover Renault's entry from season five of the championship , which begins at the end of 2018.
With Renault having won the manufacturer title in each of the three seasons it's competed in, the French manufacturer will now focus its efforts on achieving similar success in F1.
"We had an incredible championship run during our first three years in Formula E and look forward to a competitive fourth season with the benefit of a very stable environment at Renault e.dams,” said Thierry Koskas, Groupe Renault executive vice president of sales and marketing.
“As a pioneer in EV, we have learned a tremendous amount about high-performance electric vehicles and energy management that directly benefits our EV customers.
“After season four [2017/18] we will focus resources on our aggressive goals for Formula 1 and we look forward to continuing to gain benefits from motorsport racing across the Alliance with Nissan.”
Renault is in its second full F1 season since returning and aims to taste title success in 2020 as part of a long-term plan.
