The FIA has issued a set of draft proposals aimed at revolutionising the sport of Formula One over the next five years. Following the World Motorsport Council's meeting in Monaco, a five-year framework for the sport was agreed, although changes will require examination with the GPMA and detailed input from the car industry experts.

The main changes that will take place over the next five years will be a shift in the type of technology, with the FIA pushing for development that will be relevant to the motor industry, rather than solely for Formula One, along with the aim of reducing the cost of competing in the sport at the highest level and reduction in speeds in order to increase safety. Possible regulations will include limiting use of wind tunnels, energy recovery systems, high-efficiency long-life turbocharged engines and the use of bio fuel.

Full list of draft changes
2007
1. Regulations are already published
2. (existing 2.4 litre engine remains "frozen")

2008
1. Regulations as published but possible elimination of aerodynamic appendices (barge boards, winglets, chimneys, etc) forward of the rear wheel centreline and behind front wheel centreline (subject to unanimous agreement of competing teams)
2. Possible sporting regulations to restrict the use of wind tunnels and/or models for use in wind tunnels and/or test rigs (subject to the consent of a majority of competing teams)
3. (existing 2.4 litre engine remains frozen)

2009
1. Energy recovery and re-use from braking
2. Reduction of 50% of downforce
3. Aerodynamic and other changes to facilitate overtaking
4. Existing 2.4 litre engine remains frozen or, possibly, a four-race drive train (engine and transmission)

2010
1. A proportion of waste heat recovered and used to propel the car
2. A proportion of waste energy from exhaust gases recovered and used to propel the car
3. Wholly or partially standardised aerodynamics (or, possibly, new rules to encourage road-relevant research into aerodynamics)
4. (Existing 2.4 litre engine remains frozen, or, if applicable, four-race driver train remains frozen)

2011
1. Perhaps a new four-race engine including
2. High-efficiency turbocharging
3. Fuel (energy) flow limits
4. Direct injection
5. Downsizing so as to ensure very high (15000+) rpm
6. Bio fuels (possible freedom to use any bio fuel, with a limit maximum energy flow rate rather than a maximum fuel flow rate)
7. Perhaps a new approach to the chassis with...
8. Further reductions in downforce
9. Greater emphasis on cornering performance and handling by means of chassis, suspension, and brake management
10. Complete freedom to use electronics to make the car more energy-efficient (drive train, etc, management)
11. Possibly also free up drive-aid electronics
12. Limitations on materials to bring them more into line with those used in road cars
13. Other road-relevant technologies

2012
1. New engine as above
2. It is proposed that the foregoing should be a basis for discussion. There may be other interesting and important technologies as well as areas of research which are not mentioned