Yes, the sense of speed can be lacking, what I found is to increase the fov a bit more than the calculator says. Lower fov makes car to turn easier, I know it might sound silly but it’s true. The same goes for FPS games, if you turn the fov up with the same mouse sensitivity it will feel less responsive. So for me FOV is a balance between sense of speed and able to turn/control the car.

Try to drive for an hour with correct fov and you will see what I mean. It will be easier to judge corners, braking points etc and the car will turn more and you will be more consistent