Haas's team leader, Gunther Steiner, said one team used to spend $300 million more than another, and now their advantage won't be higher than $20 million.
For the 2021 season, F1 successfully introduced a budget cap across all teams, with the first season set at $145 million. Restrictions for 2022 have changed again, with teams now forced to cut spending to $140 million, with plans to cut again to $135 million in 2023.
In the coming years, Steiner expects this to bring teams closer together, avoid spending as a determinant and create more opportunities for all teams to improve their performance, as F1 hopes.
Speaking about the race, Steiner said: "There's still a lot of inertia that the big teams have accumulated in the past that you can't make up for in a year, and I've always said it's not a short-term solution, it's a medium-term solution and I think it's going to happen. Obviously not everyone can win, but the race should be more compact, and hopefully there will be a staggered strength between the teams every year. I think it's going to happen, but we need to be a little bit patient because it's not going to happen right away because the big teams still have a big advantage and it's an inertia. What I'm trying to focus on is that previously their budget was three times ours, which was a $2-300 million advantage. Now, even if the big fleet has an advantage, it may only be a $10-20 million advantage. So there will definitely be some shifts, because at some point they can't do more than a small team. ”
Ferrari recently talked about how the budget cap ruthlessly ended the development plan, explaining that no more team has been able to make enough upgrades in every race.
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