Formula 1 is set to vote on a raft of regulation changes on Friday, most prominent of which is a significant reduction to the 2021 cost cap. Originally set to be introduced at $175 million, the proposal to be voted on will see that reduced to $145 million, with further $5 million reductions in 2022 and 2023. Per Autosport, additional measures on the table include an aerodynamic-development handicap , the introduction of ‘open source' parts, and the use of a token system for chassis development. Under the aero handicap, teams would have limits placed on their time and development resources depending on where they finished in the previous year, in order to allow under-performing teams...
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