The FIA and Formula E have announced cost cutting measures in the current global crisis to take the pressure off teams and the championship.
These include the delay of the Gen2 EVO car that was set to be introduced for Season 7 as part of their biennial (I had to look that up) structure.
This would have followed suit with the new car in Season 3 and the Gen 2 car in Season 5 with Gen 3 arriving in Season 9.
Following an e-vote, the FIA World Motor Sport Council approved the decision to extend the homologation period.
Manufacturers are also only able to alter powertrain components once over the next two seasons.
Formula E said in a statement: “Teams can either introduce a new car in season seven, for a two-year cycle, or continue to use existing technology for the next season before homologating a new car the year after for a single season
“After discussion with manufacturers, the changes to the technical regulations have been made with the long-term financial stability of championship participants in mind.”
Alejandro Agag said; “We have taken a flexible approach. Not only with the quick and sensible decision to temporarily suspend the season, but now by implementing cost measures to lower development costs for the teams.
“We listened to feedback from the teams and manufacturers and worked closely with the FIA to push back the launch of the Gen2 EVO and limit teams to a single homologation over the next two years.
“By doing so we have cut the projected car development costs in half. This was a necessary action to take to contain costs, given the health crisis and economic environment.”
FIA President Jean Todt said “”In these difficult times, adapting the cost structures in motorsport is a priority to ensure its sustainability. I encouraged the decisions regarding the FIA Formula E Championship approved by the World Motor Sport Council in this regard, which are in line with the discussions currently underway for the other FIA disciplines.”
The costs are being cut as protection from the economic downturn that will be felt as a result of the coronavirus pandemic.
With France already in recession, and experts forecasting a recession as bad as 2008 or the 1930s, it looks like the economics of motorsport will be the forefront of all discussion before racing recommences.