The F1 hierarchy have revealed plans for the future of the sport which includes plans for simpler, cheaper, louder and more powerful engines than the current V6 hybrid turbos.
Regulations for the 2021 season are set to be finalised "by the end of May" with the FIA confirming the retention of 1.6-litre V6 turbo hybrids.
With this rather drastic overhaul in contention, F1 giants Ferrari have threatened to quit if the simplification process were to go too far.
Meanwhile, Aston Martin have expressed an interest in becoming an engine provider for when the new rules are implemented.
And the British manufacturer's CEO Andy Palmer has suggested that their competition with Ferrari in the supercar automotive market could make the FIA's decision to include them easier if the Italians were to leave.
"Liberty obviously want a new engine [for 2021]. They want to move the sport on," Palmer said as per Motorsport.
"The incumbent teams don't want to change the engine very much.
"In the old world, they would have won, wouldn't they? Red Bull at one moment were left out in the open.
"But now they've got someone sitting behind them saying, 'If you write the rules like this, we might be interested in providing an engine'. Now there's an alternative.
"Now, when Ferrari threaten to leave the sport, Liberty can go, 'well, Aston and Ferrari, same kind of space, same kind of customer type, maybe it's not such a bad thing if you want to leave'."
Palmer hopes to improve the quality of F1 racing and attract a larger audience even if Aston Martin is not able to land a contract as an engine supplier.
He added: "Right now, what does F1 need? F1 needs a good kick up the arse and to remember what it's there for.
"It's not about an ever-greater arms race. At its heart, it's about entertaining, appealing to petrolheads and about pushing technology.
"The way that we're acting and behaving right now, we're upsetting the establishment. We've got people talking. And even if at the end we're not there, maybe we helped in the process of improving the sport."
The CEO has also not ruled out a possible collaboration with other companies in a bid to develop a new engine that can help teams be more competitive.
Palmer continued: "I'm not under any illusions about how difficult doing an F1 engine would be - I'm a powertrain engineer originally.
"If we're really going to simplify, and cap development costs, there's a possibility we could be involved.
"But if I were to get involved, I'd do it with partners. If we can, we will, but we are not going to provide an engine to Red Bull that's going to sit at the back of the grid."