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Correct me if I am wrong, but I think that the 2022 engines will be the same as the current generation ones. Looking back to when Renault withdrew from F1 a few years back, Benetton ran the same engines but rebadged them Mecachrome IIRC. In the same way, perhaps Red Bull could continue to run the existing Honda units themselves. Is engine development restricted / frozen? If so, then this might be a viable option and they could remain competitive.
Given how overly complex the engines are, I cannot see why any new manufacturer in their right mind would enter F1 - especially considering how bad PR Honda got with their underpowered and unreliable engines when they entered. I assume that a new engine manufacturer would be unlikely - unless F1 rules change to simplify engine regs considerably.
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