F1 is entering a new decade of game-changing regulations, which could promise more exciting racing. Stakeholders have long discussed the future of the motorsport division. So far at least, the organizers have done a good job catering to all parties.

The latest engines’ freeze development regulations have also been a continual talking point. With its recent approval, Red Bull teams can now install Honda’s engines in their cars.

New Williams F1 CEO Jost Capito believes that there are two principal reasons new independent engine makers are hesitant to enter the sport. Speaking in an interview, he explained those views in some detail.

F1 has taken an important step with the ‘budget ceiling’, said the Williams CEO

Capito elaborated and said, “At the moment it is not possible for a private team to be competitive and to survive. That needs to change. An important step has been taken with the budget ceiling.” (translated via Google Translate)

The Formula 1 cost cap alongside the refreshed technical regulations seeks to build a more competitive sport. In that regard, the 62-year-old believes that the rules need realignment to suit an independent engine supplier as well.

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He continued, “The issue now is that there is no independent engine manufacturer because the regulations are so complicated and the costs for an engine are so high that no independent engine supplier can afford them.”

Williams will target the 2022 regulations as a chance to rejuvenate themselves

“You should think about it: How can you create a set of rules that an independent manufacturer can live from again,” concluded Capito.

Capito now has a huge responsibility of bringing Williams back to the front of the grid. For nearly four seasons now, the team has not come close to achieving a podium, let alone a race win.

Therefore, the defining time for all teams comes along in the year 2022. Williams, much like every other team aspiring to get back on top, will hence express the desire to put their best foot forward.

MORE – What Is an ‘Engine Freeze’ and Why Is F1 Implementing It?