Formula Vee is a popular open wheel, single-seater junior motor racing formula, with relatively low costs in comparison to other single seater cars. On the international stage, Niki Lauda, Emerson Fittipaldi, Nelson Piquet and Keke Rosberg, all Formula 1 champions, raced Formula Vees in Europe or America at the beginning of their careers. In Australia, V8 Supercar drivers Larry Perkins, Colin Bond, John Blanchard, John Bowe, Jason Bargwanna and Paul Stokell were also racers in Formula Vee.