Jaguar Land Rover Mimics European Rivals, Promises an EV Version of Every Model - but Only If You Really Want It

jaguar land rover mimics european rivals promises an ev version of every model but

Volvo wanted to bring the sometimes terrifying concept of an electric car out of the shadows and into the mainstream, so it promised fully electric versions of new models launched after 2019. These vehicles will supplement the brand’s hybrid and mild-hybrid offerings.

No longer will the electric car be a standalone model (or model line) with unfamiliar, oddball styling. Mercedes-Benz and BMW agree with this approach, to some degree. Others, like Volkswagen, do not.

Now, Jaguar Land Rover’s joined the fray. The British automaker just announced plans to boost investment by 26 percent over the next three years — an extra $18 billion — to create EV versions of its existing vehicles. That doesn’t mean you’ll get the clean, green vehicle of your dreams, though.

In a presentation, the automaker said the declining popularity of diesel-powered vehicles in Europe forced its hand. Before this, JLR only planned to offer electrified variants in the near future — hybrids, in other words, with Jaguar’s I-Pace SUV serving as the sole EV for now.

Pressure from European lawmakers and competition from its rivals led to a change of plans. JLR’s Euro lineup remains very reliant on diesel powerplants, a once-dominant engine type quickly fading from the landscape as higher taxes and a growing list of driving bans sends high-end car shoppers in search of alternatives.

As a result, first-quarter sales and revenue “did not grow as much as we planned,” the automaker stated. It was the same story for margins and profitability.

The three-year cash influx should allow the automaker to offer three versions of its vehicles (internal combustion only, hybrid, and EV) by 2025, Bloomberg reports. However, the company isn’t about to throw away its cash on models no one wants. A spokesman claimed the availability of EV variants hinges on consumer demand.

The Nikkei Asian Review reports JLR expects a negative cash flow in the near term. Still, even as the automaker fling funds, an efficiency plan is underway. The plan includes maximizing the use of its brand new Slovakian assembly plant and developing modular architecture for these new maybe-EVs. JLR hopes to boost pre-tax operating margins from the 3.8 percent seen at the end of the last fiscal year to 7 percent in 2021 (and 9 percent sometime after that).

It’s anyone’s guess as to which model nameplates undergo the EV treatment, but volume and prestige are surely key indicators. Earlier this year, Autocar reported that the fading XJ flagship sedan would return next year as an electric model.

[Image: © 2017 Matthew Guy/TTAC]

Comments
Join the conversation
9 of 11 comments
  • Garrett Garrett on Jun 26, 2018

    Funny. I don’t see anybody complaining that Land Rover is referred to as being British, as opposed to Indian. I’m fine with referring to them as being British, but if we are going to apply the TTAC Volvo-Related Comment Standard here...

    • See 2 previous
    • Garrett Garrett on Jun 27, 2018

      @Asdf What would you call the Saab 9-2X? Swedish? Japanese? American? Have you owned an Indian vehicle? I have. These aren’t Indian vehicles in any sense of the word. Then again, my Indian made vehicle, from an Indian owned company, was based on an Italian design for everything except the motor. That didn’t feel very Indian either. You need to recalibrate your purity scale - pointing it at ultimate corporate ownership makes no sense in a world where a lack of capital controls means that Chinese investors can own government debt, the mortgage on your house, and shares in the company that makes your car. Someone can argue that the Olive Garden isn’t an Italian restaurant, but my local certified Neapolitan-Style pizza joint is every bit as Italian as the places in Italy. Even though it is owned by American citizens and located in the USA. Especially when you consider the fact that they can’t even find enough Italians to staff the pizza joints in Naples.

  • Inside Looking Out Inside Looking Out on Jun 26, 2018

    The British automaker just announced plans to boost investment by 26 percent over the next three years — an extra $18 billion — to create EV versions of its existing vehicles" Since when JLR has $18 billion (as extra BTW not main funds) to through on fancy projects like that. Ford does not have even couple billions to spend on development of its own core car products.

    • See 3 previous
    • Jagboi Jagboi on Jun 27, 2018

      @Inside Looking Out Ford's 2017 revenue was $156 Bn, so still bigger than Tata. That's Ford's global revenue, not just USA.

  • Tane94 are both eligible for federal tax credits? That's the big $7,500 question.
  • Jkross22 Toenail says what?
  • MaintenanceCosts This sounds like old-school GM drama!
  • SCE to AUX It's not really a total re-badge since some of the body parts are unique, and the interiors are quite different.As I mentioned the other day, the Tonale has a terrible name and a dim future.As for the Alfa team - guess what, this is how corporate ownership works. You are part of Stellantis partly because you're not viable as a standalone business, and then your overlords decide what's shared among the products.By the way: That Uconnect infotainment system found in Alfas was originally a Chrysler product... you're welcome.
  • Kurkosdr Someone should tell the Alfa Romeo people that they are a badge owned by a French company now.The main reason PSA bought FiatChrysler is that PSA has the technology to enter the luxury market but customers don't want a French luxury car for psychological/mindshare reasons. FiatChrysler has the opposite problem: they have lots of still-respected brands but not always the technology to make good cars. Not to say that if FCA has a good platform, it won't be used in a PSA car.In other words, if those Alfa Romeo buds think that they will remain a silo with their own bespoke platforms and exclusive sheet metal, they are in for a shock. This is just the start.
Next