Formula First

Formula Vee (Formula Fau Vee in Brazil and Germany) or Formula Volkswagen is a popular open wheel, single-seater junior motor racing formula, with relatively low costs in comparison to Formula Ford or Formula BMW.

On the international stage, Niki Lauda, Emerson Fittipaldi and Keke Rosberg, all Formula 1 champions, raced Formula Vees in Europe or America at the beginning of their careers. In Australia, V8 Supercar drivers Larry Perkins, Colin Bond, John Blanchard, John Bowe, Jason Bargwanna and Paul Stokell were also racers in Formula Vee.

The class is based on a pre-1963 Volkswagen Beetle, utilizing a collection of the stock parts to form a competitive race car around a purpose-built tube frame and racing tires. The VW engine, transmission, front suspension, brakes and wheels are stock or modified stock parts. The chassis is a tube frame design and the body is fiberglass or carbon fiber. The intention of this class is for the average person to build and maintain the car.

While it is primarily a class in the Sports Car Club of America, many other organizations have adopted the Formula Vee as a class. Over the years, the rules have evolved to improve performance, lower cost, or to allow replacement of discontinued parts. In 2003, Grassroots Motorsports presented Formula Vee with the Editors' Choice Award.

In 2008, a brand new ready-to-race car would cost about US $15,000. The car could be bought as a kit for about US $8,000, minus the Volkswagen parts. It costs approximately US $700 per race to maintain.

...
Wikipedia