Formula Hybrid™ is a design and engineering challenge for undergraduate university students endorsed by the Society of Automotive Engineers (SAE) and the Institute of Electrical and Electronics Engineers (IEEE). Students must design, build, and race an open-wheel, single-seat, plug-in hybrid racecar that conforms to Formula Hybrid™ rules, which emphasize drive train innovation and fuel efficiency in a high-performance application. Formula Hybrid™ builds upon the Formula SAE® program and takes it to the next level, adding a new layer of complexity and posing an additional technical challenge to student teams.

The Formula Hybrid™ competition focuses on the engineering of the hybrid drive system and vehicle suspension to maximize performance in three different tests: acceleration, autocross, and endurance. The most challenging event at the competition is endurance, which tests how fast the vehicles can complete an endurance course with a limited amount of energy.