Formula One’s radical regulation overhaul set for 2021 has now been postponed until 2022.
Every teams’ current 2020 chassis will be used instead next season.
However, the inaugural budget cap that was also due to be introduced in line with the 2021 car changes will still come into force as purposed next season.
The delay of the regulations was decided in a wide-ranging conference call including all 10 teams, the FIA and F1 chiefs.
An official FIA statement confirming the moves read:
“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.
“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.”