LONDON: The FIA has approved a new, reduced cost cap for F1 teams and a new sliding scale rule for aerodynamic testing after a vote of the World Motor Sport Council on Wednesday.
A cost cap had already been agreed by the teams and the sport's governing body, but after Wednesday's vote the cap for 2021 will be lowered from the original figure of $175m per year to $145m, with further reductions in the following years.