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Hey Rubberduck, welcome!
I think these are some of the most interesting times in the history of motorsport. I wish we were getting to see these teams race regularly in America where we need to see and implement these technologies.
My impression from what you have posted is that there is a recognition that the engine is beginning to be reduced in the formula for propulsion as other more advanced propulsion systems begin to gain prominence. As a result, the ICE can become more compact and smaller allowing for more efficient aero options with less weight to propel. The speeds are still going to be impressive and with less weight and more power on demand from electrical hybrid motors, performance will still be incredible.
This is a relevance with a capital 'R' in my opinion.
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