Just seen this fix to get the game working for CV1 owners:
Re: VR Support for F1 2022
Attention Oculus CV1 Users: I have found the magic sequence that makes the CV1 work. You have to be inside the goggle for this to work. If you have black screen problems, select VR VERY LOW (the lowest setting) and apply. Don't restart the game, immediately go to the screen with the Anti...
answers.ea.com