Other major changes are set to be introduced in 2014 alongside the new engine formula as a return of in-season testing and a record 21 races are set to take place.
Next year will see the current 2.4L V8 engines replaced with 1.6L V6 turbo power and the teams as well as Pirelli have agreed testing during the season should return.
Four post race weekend tests are being mentioned taking place over two days; the locations being mentioned include Barcelona, Silverstone, Hockenheim and either Spa Francorchamps or Budapest's Hungaroring.
It's a major boost for Pirelli in particular who have been calling for more tests after the recent secret test scandal that has rocked F1, fans are also said to be pleased with the extra tests as it gives them the chance to see F1 cars without the costs of a race weekend.
The costs of the tests are to be balanced with a reduction in the amount of wind tunnel work, promotional days and straight line testing, the young driver test is also being scrapped.
Three of the eleven teams reportedly voted against the return of testing according to Germany's Auto Sport und Motor they were Force India, Toro Rosso and Caterham, although with the majority voting for the return the agreement is set to be ratified by the FIA later this month.
The race calendar is also set for two new arrivals in 2014, the much talked about New Jersey race is set to run in June alongside the Canadian Grand Prix while the Russian Grand Prix at Sochi's Olympic Park is being scheduled for November.
The two new races will take the schedule to a record 21 races however not all believe the current 19 host venues will remain for next season.
The Korean Grand Prix is a possible candidate, the race on the southern tip of South Korea has made substantial losses since it's arrival in 2010 and is struggling to keep its finances up.
McLaren team boss and chairman of FOTA Martin Whitmarsh said: "Whether all the other dates on the calendar survive I don't know but 21 races is a lot, that is for sure".
Meanwhile Bahrain is being mentioned as the opening race of the season next year to the disagreement of a few, a final pre-season test is set to take place in the Middle East as teams look to get away from the cold of Europe.
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