The FIA, Formula 1 and teams have unanimously agreed to delay part of Formula 1’s radical new rules package which was due for introduction next year.

Sweeping changes to the technical regulations, intended to drastically overhaul the aerodynamics and create cars which can race much closer together, will not arrive until 2022.

Teams have agreed to use their 2020 chassis for the 2021 season. Other components may be frozen between the two seasons as a further cost-saving measure.

Delaying the technical changes will allow teams to make considerable cost savings following the severe disruption to the start of this year’s championship. The first seven race dates of the season have all been cancelled, though the sport intends to reschedule as many as possible.

But while the new cars will not arrive next year, the sport intends to press ahead with its new financial regulations, also known as the budget cap. This will limit each team’s spending to a maximum of $175 million, with some exceptions, from next year.

The agreement is awaiting final approval from the FIA World Motor Sports Council, but is expected to be ratified.

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The FIA issued a statement detailing the planned rules changes.

“Following unanimous agreement between the FIA, Formula 1 and all teams, the implementation of the Technical Regulations due to take effect from the 2021 season will be postponed until 2022,” it said.

“All parties further discussed the current situation of the 2020 championship and how the sport will react to the ongoing challenges caused by the Covid-19 pandemic. Due to the currently volatile financial situation this has created, it has been agreed that teams will use their 2020 chassis for 2021, with the potential freezing of further components to be discussed in due course.

“The introduction and implementation of the Financial Regulations will go ahead as planned in 2021, and discussions remain ongoing between the FIA, Formula 1 and all teams regarding further ways to make significant cost savings.

“All teams expressed their support for the FIA and Formula 1 in their ongoing efforts to restructure the 2020 calendar as the global situation regarding Covid-19 develops.

“All of these commitments will be referred to the relevant governing structures for final ratification.”

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2020 F1 season