The FIA has finalised the rule changes for the 2023 Formula 1 season designed to reduce porpoising and bouncing. At the same time, the FIA has provided details regarding the technical regulation for the 2026 power units and has announced the budget cap figures that the manufacturers involved in Formula 1 will have to take into consideration when working on their engines.
After the meeting of the World Motor Sport Council – WMSC – which was held yesterday, the International Automobile Federation then issued the technical regulation relating to the power units that will equip the Formula 1 single-seaters starting from the 2026 Formula 1 season. The new budget cap has also been formalized and will therefore set a limit to the investments that the various manufacturers will be able to use in the research and production of engines.
According to what is reported by the official document published by the FIA, from 2023 to 2025 the engine manufacturers taking part in Formula One will be able to spend up to 95 million dollars per year on engines, while from 2026 onwards the budget cap will rise to 130 million dollars, five less than the 135 available for the design and development of single-seaters. The 135 million for the cars will be effective from 2023 after the gradual decline established starting from 2021 – 145 in 2021, 140 in 2022 and 135 from 2023 onwards – from 2026 therefore racing in Formula 1 will have to cost a maximum of 265 million dollars between the production and development of the power unit and the single-seater itself.
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