JLR TO INVEST £15 BILLION OVER NEXT FIVE YEARS AS ITS MODERN LUXURY ELECTRIC-FIRST FUTURE ACCELERATES

Jaguar Land Rover has announced plans to invest £15bn ($18bn) over the next 5 years to accelerate its production of electric vehicles, including its first UK-produced battery electric vehicle (BEV). The company announced this week that its first UK-produced BEV would be a Jaguar four-door grand tourer, built in Solihull, UK. Deliveries are not expected until 2025.

JLR also announced it will open orders for the first Range Rover full BEV, a much-anticipated addition to its BEV range which currently stands at just 1 vehicle, the Jaguar I Pace.

JLR committed to making Jaguar an all-electric band by 2025 and to achieving zero carbon emissions by 2039. This investment will hopefully enable them to accelerate toward this goal. SAR Insight & Consulting’s latest eMobility market forecast, published in March, predicts that BEVs will account for 17% of all passenger cars and light commercial vehicles shipped this year. This is forecast to grow rapidly to almost 30% in 2025.

Ryan Sanderson Director, Power Technologies

Ryan is Director of Power Research at SAR Insight & Consulting which spans power supply, conversion, control and management from a component and enabling technology perspective.

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