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.