The Chip Ganassi Racing team will be downsizing its presence in the NTT IndyCar Series in 2025 and returning to the Indy NXT series.

The move on the IndyCar side has been expected, and comes in reaction to the series’ new charter program. The structure of the charter limits the distribution of memberships to a maximum of three entries per teams who qualify for the program. With five current full-time entries, Ganassi’s newest entries — the No. 11 Honda added in 2023 and the No. 4 Honda, which debuted this season — will not be included once charters are issued.

The No. 8 Honda driven by Linus Lundqvist, No. 9 Honda driven by Scott Dixon, and the No. 10 Honda driven by Alex Palou are the only cars eligible to receive charters, and as a result, Ganassi will shutter the two non-charter entries.

Kyffin Simpson, driver of the No. 4 car , is tipped to step into the No. 8 entry, although the team’s complete driver plans will be confirmed at a later date. With a deep roster of crew members to support, Ganassi will make use of its existing employees to field a new two-car Indy NXT effort.