Jaguar Land Rover Investing $18 Billion In EVs

Jaguar Land Rover is upping its investment in electric vehicles to $18 billion over the next three years, Automotive News reports.

The British manufacturer wants to offer electrified versions of all its ICE models and will increase its investments in this area by 26 per cent. Speaking during an investor presentation, Jaguar Land Rover said that these investments will come despite sales and revenue in the year to March not hitting the levels it had expected.

By 2025, the automaker intends on also offering hybrid versions of its ICE vehicles and if customer demand warrants it, will only offer full-electric versions of select models.

Jaguar Land Rover’s pursuit of more electrified models comes despite the fact that 90 per cent of all its European sales in the fourth quarter of 2017 were for diesel vehicles.

In order to offer additional powertrains for its models, the company’s six plants in the UK responsible for manufacturing platforms will be retooled to produce these new engines.

The first all-electric model built by Jaguar is the I-Pace, recently introduced as a rival to the Tesla Model X. Despite the vehicle representing Jaguar’s first attempt at an electric crossover, the reviews for the I-Pace have been overwhelmingly positive.

Alongside its work on electric powertrains, Jaguar Land Rover is also developing advanced self-driving systems. In fact, the company has been tapped by Google to supply 20,000 examples of the I-Pace to Waymo’s self-driving fleet.

During its presentation to investors, JLR said it is also working on opening a software, information technology and engineering center in Manchester.

more photos...
Bone-Stock 2020 Ford Mustang Shelby GT500 Does The Quarter-Mile In…?

Dodge Redeyes and Camaro ZL1s you’d better watch out; the new Mustang Shelby GT500 is out to get you.

Modified Nissan Skyline Has Stunning Infinity Mirror Taillights

This Skyline in no GT-R, but it will dazzle you with its infinity mirror taillights that can also be remotely controlled .

One Owner 2000 Honda S2000 Is A Modern Classic With A Fresh Engine

Although this S2000 has 26,000 miles on the odo, the engine was replaced 4,000 miles ago.

BMW M2 Competition Proves Its Mettle At The Track

The BMW M2 Competition is powered by a twin-turbo 3.0-liter inline-six with 405 HP.

Tesla Cybertruck Styling Sort Of Works On A Two-Door Sports Car

In reality, Tesla’s idea of a sports car is something a lot prettier, like the upcoming Roadster.

BMW Drive Recorder Turns Surround-View Cameras Into Dashcams

The BMW Drive Recorder also automatically saves 40 seconds of footage in the case of a crash .

Driven: 2019 Suzuki Jimny Is Impossible Not To Love

The latest Suzuki Jimny is a vehicle that doesn’t impress on tarmac but shines when the going gets tough.

Someone Wants To Make A Fortune Off A McLaren Elva Build Slot

The German used car dealer behind the ad will charge you $3,295,730 for the McLaren Elva build slot.

TeslaCam Catches Chevy Silverado Rear Ending Model 3 Inside Car Wash

The Tesla driver learned you should always watch your back, even in an automatic car wash.

The Porsche Taycan Is An EV You Might Actually Want To Drive

The Porsche Taycan range is topped out by the Turbo S variant, which offers up to 750 hp.