Wandsworth Council has announced that the upcoming London ePrix will be the last to be held at Battersea Park as Formula E officials look for a more central venue for season three.
Since Formula E first went to Battersea Park last June, the race has been subject to regular legal challenges and protest from locals keen to protect the greenspace.
The latest judicial review was due to take place this week, but has been cancelled after Formula E officials came to an agreement regarding the future of the race.
As a result, the season two finale will go ahead as planned at Battersea Park on July 2-3, but will be held at an alternative venue in the future.
Wandsworth Council’s community services spokesman Cllr Jonathan Cook said: "Formula E has notified us that they will be holding their final races in Battersea Park this summer and that from 2017 onwards they will be seeking alternative locations.
"Our understanding is that this now includes the possibility of a street circuit in central London, which has always been their preferred option but was not previously possible.
“As a result we have secured a financial agreement with Formula E which includes a compensation package for loss of income in 2017. This means that the total amount the council will receive from Formula E for staging these racing events in the park has reached £2.85m.
"Some of this money has been spent on maintaining and improving Battersea Park, while the rest is helping to fund the vital frontline services that our residents rely on the most like services for vulnerable children, libraries, day centres for older people, support for disability groups and other important functions like fixing potholes and keeping our streets clean.
"I am proud it was this council that brought such a prestigious global event to London and I look forward to July's races which will be enjoyed by thousands of Londoners and Wandsworth residents alike. This council will continue to make sure that Battersea and all our other parks are used in ways which can benefit all our residents."
Formula E CEO Alejandro Agag confirmed to the London Evening Standard that a more central location was now being sought for season three, with a race around Buckingham Palace being mooted.
"We had races in Paris and Berlin that were right in the heart of the city, which were a fantastic success," Agag said.
“We’ve had preliminary conversations with the Greater London Authority, but there’s been no permission or route authorised yet."
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