Luxury car maker Jaguar plans to be entirely electric by 2025, with e-models for the entire lineup launching by 2030.
Jaguar Land Rover (JLR) has announced that its Land Rover brand will roll out 6 fully electric models over the next 5 years. The first model is slated to release sometime in 2024.
JLR is owned by Tata Motors out of India, and saw an increase of 3% in its shares after the announcement on Monday. The company plans to spend approximately $3.5 billion every year on “electrification technologies” according to an article by CNBC.
JLR has planned for the production of their electric models to be centered in Solihull. They will also shift investments into developing hydrogen fuel cells in pursuit of zero-emission strategies.
The company plans to have 60% of its Land Rover lineup and 100% of its Jaguar lineup sold as zero-emission vehicles by 2030, in accordance with European and Chinese restrictions on CO2 emissions.
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