Formula E's planned seaso😼n finale in Montreal in July 2018 has been cancelled by mayor Valerie Plante due to fears over spiralling costs to the city and local taxpayers.

Formula E first ventured to Montreal earlier this summer for a double-header🌞 final roundꦬ of its third season, with the circuit being praised for being one of the best the all-electric series has raced on.

However, the layout caused mass disruptioꦐn to the downtown area of the city, with locals also questioning former mayor Denis Coderre's decision to invest a significant amount of taxpayer money into staging the event.

Montreal initially signed a three-year contract to host Formula E with an option to extend by a further three years, but Plante made clear in her victorious mayoral campaign that she would look to relocate the race to the Circuit Gill🐠es Villeneuve if the series were to remain in the city.

With the Formula 1 track set to begin a significant redevelopment after the 2018 Canadian Grand Prix, no switch is possible, prompting Plante to announce oಞn Monday she had pulled the plug on the race.

🦹"Montrealers have made it clear that we can't waste their money on poor🍌ly planned projects that don't serve them," .

"It was clear as of last May that the organizati🀅on was headedꦬ straight for a financial fiasco."

As per the report from CBC , 'Montreal it's electric', the non-profit organization behind the race, still owes creditors $6.2 milli🅘on CAD following last year'꧒s race, and is only expected to get further into the red with a second running of the race in 2018.

"We are very surprised and disappointed by the unilateral decision and announcement of the Mayor of Montreal," a ꦗspokesperson from Formula E told ltxcn.top.

"This is a clear case of a new mayor und🍌oing what the previous mayor did. Whilst there is a contract in placeꦜ, we will not make further comments at this point as this is now in the hands of our Canadian legal counsel.”

With Montreal's cancellation, the New York E-Prix on Jul🙈y 14-15 is now slated as the final round of a 12-race season that started in Hong Kong earlier this month.