Date: 19th March 2017 at 10:07am
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One of the most expensive aspects of competing in Formula One is quite obvious, the power-unit.

Formula One has always tried to be the pinnacle of motorsport and that’s something that comes from every angle.

Formula One aims to be glamorous, competing in wonderful surroundings, globe trotting from continent to continent.

It boasts the worlds best drivers, or at least the best paid and it boasts technologically advanced cars with the best manufacturers around the world developing things that will eventually make their way on to their road cars.

The V6 Turbo-Hybrid era has its detractors, but it makes Formula One relevant to manufacturers.

Ferrari, Mercedes, Renault and Honda all want to be part of that.

Unfortunately, with rules designed by committee, the current power-units are expensive to design and build, which is something that has arguably put other manufactures off from entering the market.

French manufacturer Renault have backed the idea of a budget cap on engine development.

‘Hybrid is something which is interesting, the problem we have at the end of the day is the cost of the technology, We have to take care of the costs and ensure that there is a return on the investment that we’ve made. And the costs have deviated a lot. Renault Sport Racing president Jerome Stoll told motorsport.com.

‘We have to see how we can curb a little bit or cap a little bit the costs of development for each car maker.’

Stoll however reiterated the need that Formula One was to remain relevant to the manufacturers and not revert back to the old aspirated engines of the past.

‘The fact that we pushed among the others for the introduction of the hybrid system in the engine is also because it shows that even in the competition of F1 we can work for the environment by reducing the consumption by 30-40 percent.

‘It’s something that illustrates that you can be in this competition without being somebody who wants to kill the planet.