Agreed. F1 is an expensive sport and besides, the internal combustion engine is on its death bed. Zero sense in entering F1 now. Formula E makes more sense for Porsche as they can trickle down that electric tech into their core products.
This is probably a topic for another thread but - while I think F1 & Porsche is a pointless combo, it's because Porsche
is sportscar racing, there is no other brand that has the presence and history that Porsche does in the sportscar categories. Just as Ferrari is linked in its DNA to Formula 1, Porsche is with sportscars - F1 would be nothing but a high profile risk and huge expense.
I don't buy "trickle down" either... the Formula E budgets and requirements are insignificant compared to the Billions in R & D the manufacturers are already putting into EV powertrains... Formula E is about one thing, being
seen to be an electric brand, that's it IMHO. Sure, they'll claim a link between the two because it's good for marketing, and the Formula E demographic is the next generation of tweeting, insta'ing, facebooking car buyers.
As for the death of the combustion engine.... not yet... not in motorsport anyway. EV technology simply is not there yet. I'm not anti-EV and there are some great opportunities in motorsport for it... but until the cars can do what ICE cars can, they don't have a hope of taking over. It's such a fundamental shift in the core of the sport... and that won't happen until everything falls into line. Even when that happens I think it will take
generations for the petrolhead motorsport fanbase to buy into EV racing in anything like the scale they do with F1, NASCAR, WRC, Le Mans, Touring Cars etc. EV's simply do not produce the sensory experience that ICE cars do. EV's don't suit the circuits that people know and love. The entire industry around motorsport - design, fabrication, safety, maintenance, tuning, even driver skill-set gets turned on its head -- and that won't happen over night.
EV racing does have some really exciting possibilities in both hill-climbing and autocross at the moment, but these are underexploited and not widely popular. There's 4 months to go before the Tesla based EGT series kicks off, and I'm genuinely curious to see what kind of racing it produces - masses of power and torque, and reliance on Mechanical grip... it could be great... though, having seen an EGT giving it some beans at Autosport, I already know it's an underwhelming experience to see one in motion.