The FIA’s World Motor Sport Council formally rubber-stamped a raft of cost-saving and regulation changes covering Formula 1’s present and near-term future.
As expected, next year’s long-awaited budget cap will be introduced with a $145 million limit that will drop to $140 million in 2022 and then to $135 million for the following 2023-2025 period based on a 21-race annual schedule.
Furthermore, to help mitigate the sport’s economic downturn due to the coronavirus crisis, a freeze is applied to a large list of components, including chassis, gearbox, a number of mechanical components and impact structures, between 2020 and 2021
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Aerodynamic testing restrictions (ATR) shall be implemented from 2020, with a token system set up to allow for a very limited number of modifications.
Additional restrictions include limits on power unit upgrades in 2020; provisions for “closed” and “open” events and the relevant regulatory structure for each (e.g. personnel at the paddock), depending on whether such events permit spectators; various updates relating to tyre regulations, with provisions to allow for tyre testing during Free Practice 2 should it be necessary to approve a new tyre specification by Pirelli and the extended use of P140 tyres in the case of a wet Free Practice 1 session.