The regulations serve three main purposes which seem reasonable: 1) Increased safety 2) More entertaining racing (not much success here so far) 3) Reducing t

The regulations serve three main purposes which seem reasonable: 1) Increased safety 2) More entertaining racing (not much success here so far) 3) Reducing the cost so that it is economically sustainable even for smaller teams. Still, the current cars are the fastest F1 cars ever.