Jaguar Land Rover reverses plans for an EV-only factory
Summary
Jaguar Land Rover has changed its plan to make one factory produce only electric cars. Instead, it will continue making petrol and hybrid vehicles while focusing on growing sales in the US, aiming to sell as many cars there as it currently does worldwide.Key Facts
- Jaguar Land Rover (JLR) reversed its plan to make the Halewood factory an electric-only plant.
- JLR will produce petrol and hybrid versions of smaller SUVs like the Range Rover Velar, Evoque, and Discovery.
- The company aims to grow its US market to match the size of its entire current business.
- Hybrid vehicles use both petrol engines and small batteries but make fewer carbon savings than full electric cars.
- JLR plans to invest £18 billion between 2024 and 2029 to support growth and new models.
- The shift back to hybrids delays full electric adoption and affects UK government targets for zero emission vehicles.
- JLR delayed the electric version of its Range Rover by one year and will start taking orders for new electric Jaguars in 2027.
- Exports to the US from the UK have a 10% tariff, and JLR is considering building cars in the US with partner Stellantis.
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