Formula 2, also known as F2, is a type of open-wheel formula racing category that was first codified in 1948. It was replaced in 1985 by Formula 3000 but was revived by the FIA from 2009-2012 in the form of the FIA Formula Two Championship. The name returned in 2017 when the former GP2 Series became known as the FIA Formula 2 Championship. Formula Two is considered a second-tier single-seater racing championship, and it is the final step in a drivers journey towards the pinnacle of motorsport, Formula 1.

Formula 2 is a one-make championship consisting of 22 identical cars. The chassis are designed by Dallara Automobili, and since 2018, it has run the F2 2018 chassis. The power base is a Mecachrome engine. The FIA governs F2’s technical and sporting regulations and appoints the FIA officials who ensure that those regulations are adhered to at all times. It also maintains the highest safety standards of the cars and circuits and provides a driver briefing specific to the discipline.

The FIA Formula 2 Championship is the penultimate step to the pinnacle of the single-seater pyramid, which has been designed to create a clear path for drivers from karting to Formula 4 championships certified by FIA, Formula Regional championships certified by FIA, FIA Formula 3, FIA Formula 2, and finally the FIA Formula One World Championship.

Formula 2 cars are all made the same, and they are a single-spec platform that only allows for minor adjustments. Unlike Formula 1, where teams spend millions of dollars to engineer wildly different body shapes and aerodynamic designs within the scope of their regulatory parameters, performance in an F2 car is tied to race strategy and the skill of the driver behind the wheel.