1954 Formula One season

The 1954 Formula One season included the 5th FIA Formula One World Championship season, which commenced on January 17, 1954, and ended on October 24 after nine races. The Championship was won by Juan Manuel Fangio who drove, and won races, for both Maserati and Mercedes over the course of the season. In this season Argentinean drivers made a 1–2 in the season's final positions.

Season summary
With the formula changing to 2.5 litres unsupercharged, Mercedes re-entered grand prix racing for the first time since the Second World War at the French Grand Prix with a streamlined single seater which Fangio and Karl Kling took to a dominating 1–2 win. Fangio's French success had come after switching from the Maserati team with whom he had won the first two Grands Prix of the season. Although the streamlined body proved unsuitable for Silverstone, Mercedes produced a more conventional body for the Nürburgring and Fangio won three of the remaining four races.

Reigning champion Alberto Ascari had a less successful switch of teams, choosing to leave Ferrari for the newly formed Lancia team. Unfortunately for him, Lancia's car, the D50, was not ready until the final World Championship race, meaning he had to sit out most of his title defence.

Points were given to top 5 finishers (8, 6, 4, 3, 2). 1 point was given for fastest lap. Only the best five of nine scores counted towards the world championship. Points for shared drives were divided equally between the drivers, regardless of who had driven more laps unless one of the drivers was deemed to have completed "insufficient distance". Drivers who shared more than one car during a race received points only for their highest finish.

Teams and drivers
The following teams and drivers competed in the 1954 FIA World Championship.

1954 Drivers Championship final standings

 * Italics indicate fastest lap (1 point awarded – point shared equally between drivers sharing fastest lap)
 * Bold indicates pole position
 * † Position shared between multiple drivers of the same car
 * ‡ Several cars were shared in this race. See the race page for details.
 * Only the best 5 results counted towards the Championship. Numbers without parentheses are Championship points; numbers in parentheses are total points scored.

Non-Championship race results
Other Formula One races also held in 1954, which did not count towards the World Championship.