its to increase competitivity as much as reduce cost. last season was a farce as a racing spectacle, ferrari actively fixed the the driver order with team orders and many people were angered that the achievements of drivers were being pushed aside for team orders.
traction control, launch control and auto gearboxes pretty mcuh wiped out overtaking on the track and off the start grid. once the last set of refuelling took place everyone sat in parade for 20 laps unless something broke. dull as dishwater and the drivers were practically dead weight as they did nothing - the cars can be almost entirely controlled by the pit crew.
most of the stuff on the list is pretty good and should promote the best drivers winning points and races. the only tricky part will be the enforcement, expecially of electronic measures. all too recently the fia have been lax on big teams.