Aston Martin Red Bull Racing team principal Christian Horner has confirmed that the team’s are looking into the possiblity of further postponing the introduction of the new regulations until 2023.
It was announced last week that due to the ongoing COVID 19 global pandemic that the new Formula One regulations due to come in next year will be deferred to 2022.
Speaking BBC Sport, Horner said:
We’re also talking about pushing back a further year the new regulations, because in my mind it would be totally irresponsible to have the burden of development costs in 2021.
“There seems to be reasonable agreement but it needs ratifying by the FIA to push back those development costs into 2022 for introduction in the ’23 season.
“The most important thing we need now is stability. Because the one thing we know is that whenever you introduce change you introduce cost, and stability right now and locking down as much of the car as possible is the most responsible way to drive those cost drivers down.”
Formula One team’s revenue for 2020 will be severely impacted due to COVID 19.
The 2020 Formula One season along with sporting organisations and businesses around the world have been forced to postpone the start of their seasons.
The first eight Grand Prix of the season have either been cancelled or postpond with the Canadian Grand Prix in June also likely to be postponed or cancelled given the fact that North America has been severely affected by the virus.