Formula 1 is a highly innovative formula racing series that was founded in 1950. With the aim of further increasing efficiency, new 1.6 liter turbo engines were introduced a few years ago and the number of cylinders was further reduced to 6 in the V arrangement. The sporting sovereignty over the premier class in formula racing is with the FIA based in Paris in France. The 2021 World Championshi will be held in 22 races across almost every continent.