To me it doesn't feel like Top Gear was.
Recently someone here described the formula as: You have 3 guys, of which 2 are constantly forming a team to play on the third person. They are switching teams continuously, so each of the 3 is 2/3 of the time part of the winning team.
The cars are just dressing on the cake of this dynamics between the 3 guys.
In the new episodes they changed it to American style, probably under pressure from Amazon. Jeremy Clark plays the role of the winner, James May has the loser role. Richard Hammond is supporting for the winner. It is very much an American TV cliche.
They destroyed the dynamics that there was, and thus the show. We will see how it lasts, but it has definitely changed.