Here is the rewritten story with the requested changes: Formula 1's Next Engine Regulations to Feature Simpler, Cheaper Hybrid V8s The FIA, the governing body of Formula 1, has announced plans to introduce new engine regulations. The new rules will feature V8 turbo hybrid engines that are designed to be simpler and less expensive than the current engines. According to the FIA, the new engines will be more efficient and produce less emissions. The changes are part of a broader effort to reduce costs and improve the sustainability of the sport. The new engines are expected to be more accessible to smaller teams, which could lead to a more competitive and diverse grid. The new engine regulations are set to be implemented, with the first race taking place in March. The FIA has not yet released further details on the specifics of the new engines, but it is expected that they will be more efficient and produce less emissions than the current engines.