We believe so. The target is to achieve the same power output of around 750 hp but to do so using around 30per cent less fuel. In terms of sound, the engine note is not as loud as the current V8 because of two factors: the lower engine speed and the fact that the turbocharger sits in the exhaust flow, recovering energy from it that would otherwise be lost as heat and sound. But because of the mechanical balance of a V6 engine, it also sounds sweeter. And we're confident that fans will find it pretty exciting when they hear it at the track.
What impact will it have on the racing?
First of all, the engine is going to produce a lot more torque than the current V8 and over a wider power band. That means the car is going to be grip limited on corner exit, in technical terms; in layman's terms, they're going to be a handful for the drivers.
The next point is that it will reward the most intelligent drivers - the fastest way to finish a race will not always be straightforward and the cleverest drivers will probably adapt fastest to the new challenges.
So will we see F1 turned into an economy run – or cars running out of fuel in the latter stages?
Unlikely. Managing fuel consumption is already a critical part of F1 and it will remain so in 2014; for example, did you know that our V8 can complete a race distance today using 11.6 per cent less fuel than it did in 2006?
Today, teams are very good at monitoring fuel consumption: we track each injection of fuel into each cylinder so we know exactly how much fuel is being used. And there are over five million injections in an average race!
Ultimately, the smartest driver in the quickest car will be successful in 2014, which remains true to the fundamental challenge of F1. What we're really doing is putting the 'motor' back into 'motorsport'...