The 1950 Formula One season included the inaugural FIA World Championship of Drivers which was contested over a seven race series which commenced on 13 May and ended on 3 September. The championship consisted of six Grand Prix races, held in Europe and open to Formula One cars, plus the Indianapolis 500, which was run to AAA National Championship regulations. Giuseppe Farina won the championship from Juan Manuel Fangio and Luigi Fagioli.
Numerous other Formula One races, which did not count towards the World Championship of Drivers, were also held during the year.
The inaugural World Championship of Drivers saw Alfa Romeo dominate with their supercharged 158, a well-developed pre-war design which debuted in 1938; this car won all six championship Grands Prix in 1950. All of the Formula One regulated races in this year were run in Europe- the Indianapolis 500 (which unlike all the other road courses, was run on an oval) was run to American AAA regulations, not to FIA Grand Prix regulations and none of the regular drivers who competed in Europe competed in the 500, and vice versa. Alfa Romeo drivers consequently dominated the championship with Italian Giuseppe "Nino" Farina edging out Argentine teammate Juan Manuel Fangio by virtue of his fourth place in Belgium. Although the Indianapolis 500, which ran to different regulations, was included in the World Championship each year from 1950 to 1960, it attracted very little European participation and, conversely, very few American Indianapolis drivers entered any Grands Prix.
Championship points were awarded to the top five finishers in each race on an 8, 6, 4, 3, 2 basis. 1 point was awarded for the fastest lap of each race. Points for shared drives were divided equally between the drivers, regardless of how many laps each driver completed during the race. Only the best four results from the seven races could be retained by each driver for World Championship classification.
The Alfa Romeo team dominated the British Grand Prix at the fast Silverstone circuit in England, locking out the four-car front row of the grid. With King George VI in attendance, Giuseppe Farina won the race from pole position, also setting the fastest lap. The podium was completed by his teammates Luigi Fagioli and Reg Parnell, while the remaining Alfa driver, Juan Manuel Fangio, was forced to retire after experiencing problems with his engine. The final points scorers were the works Talbot-Lagos of Yves Giraud-Cabantous and Louis Rosier, both two laps behind the leaders.