Formula One is already set for some drastic changes regarding its engine technology as outlined in our earlier post. The latest rumour is that one day the high-revving, naturally aspirated V8s will be replaced by either fuel cell or hybrid powerplants. We’ve already had comments from FIA president Max Moseley expressing his interest towards the green technology.

A further sign of things to come is the announcement that two automotive tech companies, N.Technology S.p.a. and Tatuus s.r.l., are planning a partnership to develop the world’s first hybrid F1 car to compete in an all new competition starting in 2007.

The hybrid concept will be a single-seater open wheel racer powered by a 2.0-litre four cylinder mill aided by an electric motor and develops 250bhp.