F1's problem is that it is a technological marvel that is simultaneously obsolete. Like the XB-71 Valkyrie project of the US AirForce, the technology powering modern F1 hybrid power trains is just outstandingly brilliant. However, just like the XB-71 was made obsolete by the advent of ICBMs, the hybrid power train's future for road cars has been overtaken by the advent of Tesla and battery electric vehicles. The meta…
1. The sport. Fans, parties, passion, excitement for race results.
2. Advertising showcase of engineering prowess for companies selling cars or car-related parts.
3. A testing ground for future production car technology, send your best engineers to learn under the pressure of F1.
With commoditized electric cars taking over the road car market, this no longer works because the interests have diverged. By trying to continue to do all three, F1 is just imploding.
Personally I wish F1 would focus on #1 and let Formula E be the proving ground for street car tech.