A change to the 2016 pricing structure set by the Verizon IndyCar Series will allow engine suppliers to charge up to $1 million per year for an engine lease. The previous limit was $750,000. The $250,000 hike is included in new multi-year supply agreement between IndyCar and Honda, and has also been applied to Chevrolet's agreement with the series. Under the series' most recent sole supplier pricing structure in 2011 with Honda, teams paid $1.1 million per lease. The move to new turbocharged engines in 2012 came with a significant reduction in lease price as $649,000 became the new norm. Due to the higher costs from a proper engine war between multiple manufacturers, Chevy and Honda...
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