Last year a budget cap of 175 million dollars a year had been agreed, but now, exceptionally, it’s been decided to lower it to 145 million, as from 2021. It then drops even further in the coming years: to 140 million in 2022 and then 135 million from 2023 to 2025.
As from next year, teams will have a different timescale for carrying out aero work on their cars. Time spent in the wind tunnel will be calculated on a sliding scale based on each team’s position in the Constructors’ classification. The top teams will now have fewer hours to spend in development, with those at the other end of the scale getting more time to work on aerodynamics, the idea being to close the performance gap between teams. This table shows how the sliding scale will work.
FREEZING OF PARTS
Again with the aim of reducing costs, some major car components will be frozen once this season restarts through to the 2021 season. This list includes chassis, gearbox and suspension parts. Teams will have freedom when it comes to wings, side pods and the diffuser. The floor of the car will undergo a change that will reduce aero downforce by about 10%, making the cars around half a second a lap slower.
As from this year, only 2 internal combustion engines per driver are allowed, unless the calendar extends past 14 races in which case a third unit will be permitted, to the same specification as the second one homologated during 2020. For 2021 and ’22, further restrictions will be introduced with evolutions only being allowed at the start of the season.
A NEW ERA
As mentioned, it was decided earlier this year to postpone the introduction of new technical regulations until 2022. That will involve a significant change on the technical front with simplified aerodynamics so that cars will generate about half the aero downforce compared to those in use today. The cars should produce cleaner airflow behind them to allow cars to follow one another more closely even through high speed corners, thus increasing the chances of overtaking and exciting racing.
Franz Tost (Team Principal):
“This regulation change is an important step forward for the future of Formula 1. The FIA, F1 and the teams cooperated in a very professional way over the course of the past few months, to define these new rules, whose target is to reduce costs, by means of the Cost Cap, and to improve the show. I expect that the performance of the cars on track will be more equal, which should guarantee more exciting races in the future. On the financial side, there is a good possibility that the Cost Cap will turn Formula 1 into a profitable business.”