Formula 1꧟ CEO and chairman Chase Carey has hit back at comments by Formula E boss Alejandro Agag that the all-electric series will be the only viable form of motorsport in 20 years' time, likening the championship to "more of a street party".

Formula E has enjoyed rapid growth since hitting the track for the first time in 2014, boasting more manufacturer interest th🌼an F1 through the likes of Renault, Audi, Jaguar, BMW, and, as of 201ꦫ9, Porsche and Mercedes.

that he expected ꩵFormula E to "be the only motorsport out there" in 20 years' time given the global shift towards electric cars, but Carey brushed off his comments.

🌟"I'm glad he has a crys♑tal ball that can look 20 to 30 years into the future," .

"Formula E is not a competitor for us. It represents one thing that matters to all of us: the en﷽vironment.

"It's more of a street ✨party th🤡an a sports event. People who were there told me they had fun because there was music and good food.

"Formula 1 is watched🐼 worldwide, and we now have t🧸he opportunity to take it to a new level. I believe that other series even help us, because they create interest.

"The premier class is and remains Formula 1."