Formula One, commonly known as Formula 1 or F1, is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of racing since its inaugural running in 1950. The word formula in the name refers to the set of rules all participants' cars must follow. A Formula One season consists of a series of races, known as Grands Prix. Grands Prix take place in multiple countries and continents on either purpose-built circuits or closed public roads.

An open-wheel car is a car with the wheels outside the car's main body, and usually having only one seat. Open-wheel cars contrast with street cars, sports cars, stock cars, and touring cars, which have their wheels below the body or inside fenders. Open-wheel cars are built both for road racing and oval track racing. Open-wheel cars licensed for use on public roads, such as the Ariel Atom, are uncommon, as they are often impractical for everyday use.