The revamped event will use digital tools to bring together "virtual and physical experiences" after automakers switched product launches during the pandemic from real-world shows to internet livestreams.

Automakers are being offered an all-inclusive package that covers the cost of their stands and accommodation for guests for the smaller, three-day event, according to documents seen by Automotive News Europe.

Palexpo said it was too risky to wait until 2022 for the next event and it could possibly take up an offer to buy the show from the organizers.

High costs for hotels and attendance has led automakers to believe they were being taken advantage of at the Geneva auto show.