I'm wondering the same thing, have you at least tried it or are you sure it doesn't work on ps5?

Thrustmaster is bringing out a new bracket for the steering wheel + a joystick (console) that is console-compatible in November. See the Thrustmaster HP.

@Digitec: Maybe add it to the range ;-)

Unfortunately only usable on PC.
From what we found for PS5, the only way to enjoy the game a bit more is with a "normal" steering wheel like the Thrustmaster T150: Thrustmaster T150 Retour d'information sur les forces (PS5, PS3, PS4, PC)