Jaguar moves to electric vehicles: will end production of petrol and diesel vehicles by 2025
England-based luxury car manufacturer Jaguar Land Rover has announced that it will produce fully electric vehicles in the next 5 years. It was said that the environmental policy, which started to be implemented in Europe, was influential in the company’s taking this decision
After the pandemic, the production policy of automobile manufacturers also changed. Recently, Ford announced that it will invest close to 30 billion euros in electric and autonomous vehicles in the next 5 years. Jaguar Land Rover, one of the world’s largest automakers, announced that it will return to electric vehicle production only from 2025. This means that Jaguar gave up the production of gasoline and diesel vehicles.
Jaguar starts to produce electric vehicles
Jaguar, which has not broken its line in the luxury vehicle segment for years and has created a loyal customer base, wants to keep up with the changing order after the coronavirus. After the environmental policy, which started to be implemented especially in the European Union countries, Jaguar announced that it will only produce electric vehicles from 2025. While it is planned that all Jaguar Land Rover vehicles will be electric in the next 10 years, it has been announced that 6 models will be offered to customers in this process. Aiming to launch its first electric vehicle for sale in 2024, Jaguar has created approximately $3.5 billion in resources.