The new rules mark the start of a new era in Formula 1's history, bringing significant design changes to make the cars more attractive and more capable of following one another without losing downforce.
"The goal has always been to improve the competition and action on the track", Carey said. We can not predict exactly where the downforce will end up compared to the current cars, it will be a bit less after the development has been carried out. In the Constructors' Championship, Mercedes has already won the title and now sits on 652 points. To prevent Hamilton tying up the title, Bottas must at least win the race - but even then the Briton needs only an eighth-place finish to become world champion.
The eagerly-anticipated reveal of Formula 1's major regulation shake up for 2021 has been published with details on the sport's technical, financial and sporting rules. The cap does exclude money spent on engines, as well as salaries and marketing expenses, so the big teams might still be able to lure in the best drivers and motors.
But teams that violate the racing budget cap could face penalties, including losing a championship.
Formula One's managing director for motorsport Ross Brawn acknowledged the new cars would be slower than the 2019 ones, but still quick and closer to the levels of performance seen in 2016 as well as easier to follow and overtake.
"Budgets have been escalating", Brawn said. "F1 is nearly a victim of its own success in that the rewards of success are so valuable that the justification for investment keeps coming".
Ferrari will once again pose the biggest threat to Mercedes' chances of victory as they look to bounce back from shooting themselves in the foot in Mexico.
F1 hopes that by closing the spending gaps, it will close the racing gap as well.
"We've tried for these in the past, and we've not been successful". "But I think it will materialise a little bit more in the coming weeks".
That figure is fixed for 21 races, with $1m to be added for any races above that total.
Vietnam and the Netherlands will host Grand Prix races in 2020, while there is a possibility that the race calendar will be capped at 25 races in 2025.
This is important as teams must decide if they want to commit to a new test item all weekend, or run it in one or both FP1 and FP2 sessions before taking it off the auto and saving it for the next event, which is another measure to slow down the rate of in-season development. To achieve this the front and rear wings will gain a new shape, the suspension will be simplified, the floor will be revised (including ground effects technology) and there'll be an addition of wheel wake control devices to the front wheels.
ESPN will continue to broadcast Formula One in the United States until 2022 after posting double-digit viewership growth over the past two seasons. Engine manufacturers that sell to other teams, such as Mercedes and Ferrari, will have to provide their customers with power units equal to the ones they use in their own cars.
Hamilton, who is set to wrap up his sixth world championship this weekend, used much of the running to trial next year's tyres. It's going to be an interesting time. I plan to get stronger.