The format for IndyCar Qualifying is good but there needs to be more spectacle for qualifying.
Qualifying 1 (Top 2 advance to Q2, places 13-24 set in Q1)
Qualifying 2 (Places 1-12 set in Q2)
I think it will work because less track time for top teams, give the two drivers that advance from Q1 to Q2 having an extra set of tyres needed if they need it. It would mean tyres used in qualifying would be reduced from 7 to 3 and tyres used in the weekend would be reduced from 10 sets to 8 sets thus saving $4000 per driver and $96,000 less money made for Firestone. It also means less engine miles would be used. It would use the top 12 times from all practice sessions combined to get into Q2 with the slowest drivers into Q1, the format is similar to MotoGP with the fastest 12 into Q2 and slower riders into Q1.
If the schedule was implemented, here's how it would be scheduled for East Coast Races:
5.15pm-5.25pm EST: Qualifying 1
5.35pm-5.45pm EST: Qualifying 2
If the schedule was implemented, here's how it would be scheduled for West Coast Races:
8.15pm-8.25pm EST: Qualifying 1
8.35pm-8.45pm EST: Qualifying 2
I hope F1 would use it to save costs for everyone concerned. This format would be used on road and street courses only.