The new engines will be less complicated technically, more economical and louder than the current crop of complicated hybridengines.

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Teams are reportedly spending between 16 and 23 million per year on engines, which is a substantial slice of the annual budget for the smaller teams.

F1 2015 team budgets:

1. Red Bull Racing (266m + 35.7m + 167m) = 468.7m
2. Mercedes (122m + 212.4m + 133m) = 467.4m
3. McLaren Honda (144.5m + 216.5m + 104m) = 465m
4. Ferrari (208.5m + 34.5m + 175m) = 418m
5. Williams (52.5m + 22.9m + 111m) = 186.4m
6. Lotus (69.5m + 13.6m + 56m) = 139.1m
7. Toro Rosso (68m + 9.45m + 60m) = 137.45m
8. Force India (49.5m + 12.2m + 68m) = 129.7m
9. Sauber (44m + 9.25m + 50m) = 103.25m
10. Manor (0.5m + 32.5m + 50m) = 83m

F1 News - F1 2015 team budgets published