These regulations are an important and major step, however, this is an ongoing process and we will continue to improve these regulations and take further steps to enable our sport to grow and achieve its full potential.“One of the most important initiatives we will be addressing as we go forward is the environmental impact of our sport. WATCH: How the 2021 F1 car was developed

But overall, don’t expect silver, red and dark blue to be the standard colour palette on the podium from 2021 onwards.Lewis Hamilton rose from a pit-lane start at the 2017 Brazilian Grand Prix to finish the race fourth – but did he enjoy his afternoon of overtaking? The goal has always been to improve the competition and action on the track and at the same time make the sport a healthier and attractive business for all.“The approval of the rules by the World Motor Sport Council is a watershed moment and will help deliver more exciting wheel-to-wheel racing for all our fans. The budget cap of $175m per team per year (based on a 21-race calendar) will be closely policed – and while that budget doesn’t include marketing costs, or the wages of figures like drivers, team principals and other senior personnel, it will still represent a significant new ceiling for some of the bigger teams on the grid to work to.That will mean that the ever-expanding gap in spending between the largest and smallest teams in F1 will be closed down over time – it’s expected that the impact of the financial regulations will affect the sport more gradually than the technical regulations – while teams are going to need to be canny in the way they deploy their restricted budgets.And, crucially, no longer will a small team go into an F1 season knowing at the start of the year that they will simply be out-spent by the top teams – a factor which should also make entering F1 a more attractive prospect for new squads – while an increased number of common parts on the cars will tighten the focus on areas that teams can develop their cars.The race weekend is set for a major revision, too, with the drivers’ press conference and pre-weekend media interviews now set to take place on a Friday (as opposed to Thursday), before Free Practices 1 and 2 are then run later in the day, with the schedule for FP3, qualifying and the race then unchanged.That condensed schedule, with Thursday now stricken from the skedge, will make F1 a more feasible, budget-friendly event for fans to visit, while also making life easier for everyone involved in the circus, from team personnel to the media covering the sport.That’s not only good for us, but it will be an invaluable experience for up-and-coming racers, allowing at least 10 and potentially as many as 20 young drivers to test their mettle in a Grand Prix weekend environment – whereas in 2019, we’ve only seen free practice outings for two drivers so far, Nicholas Latifi at Williams and Naoki Yamamoto at Toro Rosso.We already bring you plenty of interviews on Formula1.com from the drivers and team bosses across a weekend – but from 2021 onwards, teams signing up to the Formula 1 Sporting Regulations will have their media appearances enshrined in the rules, meaning that race fans will have even more opportunities to hear from their heroes over a weekend.Belgian GP ‘not enjoyable’ says Verstappen after ‘lonely’ run to P3ROAD TO F1: Sargeant retakes F3 championship lead in style at SpaHIGHLIGHTS: Watch the key moments as Hamilton storms to fourth Belgian GP winThe blast to Turn 5 and the threat from Renault: What To Watch For in the Belgian GPCarey hoping for less drama in future Concorde talks as he confirms Ferrari special recognition remains© 2003-2020 Formula One World Championship Limited 'He played it too well' - Bottas rues missed opportunity to jump Hamilton at Belgian GP startGasly dedicates P8 to Hubert after ‘intense’ Eau Rouge overtakeOcon hails ‘fantastic race’ after last-lap pass on Red Bull’s Albon to secure P52017 marked a significant step in the turbo-hybrid era of F1, as the cars’ stance widened and the tyres were beefed up. GMM. But with the 2021 car design, this drops to around 5-10%, with airflow coming off the new cars both cleaner and directed higher, meaning it has significantly less impact on drivers following, giving them the chance not just to overtake, but to battle. Presented at the Circuit of The Americas in Austin by Formula 1 Chairman and CEO Chase Carey and FIA President Jean Todt, following ratification by the World Motor Sport Council, the regulations are targeted at promoting closer racing and more balanced competition, as well as bringing economic and sporting sustainability to Formula 1.

F1’s Chief Technical Officer Pat Symonds has heralded the results coming out of the wind tunnel thus far as “exceptional… actually beyond what I thought we could achieve when we started the project.”In terms of proper numbers, current figures show the 2021 cars losing just 15% of their downforce when they’re one car length behind a rival (where currently it's closer to 50%), and just 5% at three car lengths. How the 2021 F1 Cost Cap works "But we don't think that is the key parameter of the spectacle. That should mean the pack gets tightened up even further, while making time on the track, particularly in FP1 and 2, all the more important.With in-season testing set to be limited to a single, three-day test from 2021 onwards, that reduction in track time will also play its part in affecting teams’ scope to out-develop their rivals.Meanwhile, in a significant change, parc ferme conditions will now exist from the start of FP3, rather than qualifying, with teams having to return the car to the specification it was in when it was scrutineered ahead of FP1.Why’s that important?


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