Today's cars maybe be impressive from a tech point of view but from most fans perspective they are totally unimpressive from a racing point of view. Boring as hell, sound like crap and have way too much mechanical grip. The cars do not slide anymore and need more power. Of course, as with pretty much anything if you have nothing to compare it to, it will look impressive. The new engine rules were introduced to force manufacturers to make their engines more fuel efficient while also enticing new manufacturers to join the sport. Clearly with only Honda joining since 2014 this has been a failure while multiple manufacturers are joining Formula E instead. I wouldn't count V8's out, Ferrari and MB and possibly Aston Martin will have their say. To say 'same block as 20 years ago' is false, we've seen all sorts of innovations from, valve springs to pneumatic valves, over 1000hp from a 1.5L 4 cylinder, more exotic metals, and revs going from 12,000 to over 20,000 all with impressive fuel economy for a V8. A lot can happen until 2021, too soon to predict, but if manufacturers use Formula E as their road relevant test bed than you may see V8's again, F1 is the big leagues and needs to govern itself and not be ruled by the FIA as if it's just another spec series.
The cars sound fantastic in person. The Honda PU is nuts.
This was posted today from Andreas Haupt
New engine rules for 2021 will be unveiled on the 31st
Regarding engine rules:
FIA and FOM jointly developed new engine regulations
V6 turbo with 2 electric motors (MGU-H and MGU-K) expected
many standardised parts to reduce complexity and costs
power output of over 1000PS together with reduced aerodynamics are supposed to make cars more difficult to drive, increased fuel flow, higher revs
second MGU-K at the front axle wouldn't have generated enough electric power to offset weight increase
FIA and FOM want to avoid lengthy arguments
changes can be requested, but only if reasons are provided
reasonable requests will be considered, categorical refusal to accept certain concepts will be ignored
Regarding decision making processes:
Strategy Group and F1 Commission will cease to exist
FIA and FOM want to be able to react quickly without lengthy arguments in commissions and teams trying to push for regulations that suit them
to be independent of teams' opinions, Ross Brawn has put together a group of engineers to evaluate technical rule changes with regards to lap times and sensibility to dirty air
Regarding budget cap:
budget cap is supposed to be ready for 2019
costs are to be reduced gradually so that big teams can adapt slowly
every team will be assigned at least one overseer
most difficult task will be to convince teams that budget cap enforcement is watertight