"The current name is long, a lot of words. Many times people keep referring it to as Formula One. Well this series is not Formula One, it's a different series altogether. I think having F1 in the name obviously gives it that impression so I think the series needs to be more unique and stand above its own name. A series name change is likely next year and it will be interesting to see what ideas are thrown out there", explained Nic Morley.
With the series CEO coming out in support of this change it does seem likely it will happen.