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Actually, the proper solution would have been to do absolutely nothing after Porsche exit. If they had not panicked and went for the laziest of quick fix solutions* and surrender to lobbyism, but instead just said "the current regulations will be extended to 2025" in the fall of '17, the opposition to Toyota would have come sooner or later. Obviously no-one came in 2018-2020 because everyone knew regulations were changing to cheapskate in 2020, but it could have been different. The manufacturers are not going to give up relatively easy shots at winning Le Mans go away. Also had they promised Zero Emission for 2025, as the headliner class for overall wins, it would have been the final opportunity for conventional cars to win the race.

And as for the survival of privateer LMP1s, if status quo would have existed in terms of OEMs... Well as I've said for countless of years, that would have been fixed by re-allowing them into ELMS and ASLMS, thus re-creating opportunity for customer market as well as giving overall win opportunity without resorting to artficial BS as seen in the WEC now. Or do the fans of ELMS still prefer to see that 17 car spec Oreca field with spec engines and spec tires and proam lineups, rather than say 5-10 proper nonhybrid LMP1 cars with every combination of tech possible? I do remember people defending the interests of LMP2, but times have changed

*The only good quick fix solution they did do was the reworking of the calendar from pretty boring to pretty good, but that's not enough