F1 introduced a strict cost cap of $145 million that was to be adhered to by all teams in 2021. For the upcoming 2022 season, the budget has fallen to $140 million. These steps have been taken to try and make the sport more competitive and not allow richer teams to leave the rest in their wake.

When asked about the difficulties that came with the decreased cost cap, Wolff said:

The 50-year-old Austrian feels the tighter purse strings have made choosing and picking their upgrades all the more important going forward. Wolff added:

Lewis Hamilton and Mercedes keen on ‘raising the bar’ in F1 2022 season

Going into the 2022 F1 season, Lewis Hamilton has revealed he has no set goal for the year. The 37-year-old Briton is locked in on the ultimate goal of winning championships alongside the Silver Arrows.

During the launch event of the Mercedes-AMG F1 W13 E Performance, the seven-time world champion said:

Meanwhile, both Hamilton and his new teammate George Russell took the W13 out for a quick shakedown around Silverstone ahead of the first pre-season practice session in Barcelona.

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