26 Jun '18, 4pm

JLR to pump money into electric cars instead of diesel

2019 Jaguar I-Pace S Enlarge Photo Jaguar-Land Rover said in a presentation to investors Monday that weak demand for diesel-fueled cars has prompted it to increase its investment in electric cars by 25 percent—to $18 billion—by 2025. Where the company previously said it would offer an electrified version of each new model it introduced after 2020, it now says that it will offer three versions of each model it sells by 2025: a gas version, a hybrid, and a full battery-electric car, according to a Bloomberg report . The money will go toward retooling all the company's factories in England to produce electric cars. DON'T MISS: Electric I-Pace may lead Jaguar design, style into the future A company spokesman told Bloomberg that it would only offer a fully electric version of each model if there is enough customer demand. The Jaguar I-Pace, the company's first electric car, jus...

Full article: https://www.greencarreports.com/news/1117423_jlr-to-pump-...

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