Jaguar Land Rover announced on Monday its luxury Jaguar bran will go all-electric by 2025 and the automaker will introduce e-models of its entire lineup by 2030, following other automakers’ bid in developing zero-emission vehicles.
Tata Motors, owner of Jaguar Land Rover, also bared that the Land Rover brand will its first electric model in 2024, with some other five electric models over the next five years.
JLR furthered that it will spend around 2.5 billion pounds ($3.5 billion) annually on electrification technologies and the development of connected vehicle services. It also mentioned its plan to invest in developing hydrogen fuel cells as it expects the industry to shift to hydrogen to power vehicles in the near future.
Following the automaker’s announcement, shares in Tata Motors soared 3%.
Several carmakers around the globe are starting to resort to zero-emission strategies to meet stringent CO2 emission targets in Europe and China.
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