Red Bull boss Christian Horner says Formula One is at a crossroads and must make decisions now in order to remain relevant in the next decade.
F1's current hybrid engine formula is due for renewal in 2021 and the sport is currently working with stakeholders and car manufacturers to decide which way to go next.
The FIA insists F1 must remain the pinnacle of motorsport, but also find a solution that allows for cheaper, louder and sufficiently powerful engines. Two meetings have already taken place to discuss the next generation of power units and further analysis will be completed over the summer before being reviewed at the next meeting of F1's Strategy Group in September.