The first electric Jaguar vehicle to come to market will be an electric version of the company's flagship sedan, the XJ. The development of the car is going to the same team that handled the previous Jaguar I-PACE project, the creation of the Jaguar I-PACE marked the first luxury electric SUV.
The project was announced as the company plant is being refitted to be able to support the production of diesel, gasoline as well as electric and hybrid cars. This means that one factory could produce every kind of car the company sells, from EVs to conventional engines.
The electric Jaguar will start production when the new factory is ready in 2020. It is currently unclear as to whether the company will release a gasoline-powered version of the Jaguar XJ.
All-Electric Flagship Sedans
The Very First Electric Jaguar is Currently in Development
Trend Themes
1. Electric Flagship Sedans - The development of the electric Jaguar XJ offers an opportunity for luxury automakers to invest in all-electric flagship sedans.
2. Flexible Production Facilities - Jaguar's factory refitting presents an opportunity for automakers to invest in factories capable of producing both electric and conventional vehicles.
3. Luxury Electric Vehicles - Jaguar's investment in luxury electric vehicles presents an opportunity for automakers to invest in the production of luxurious, performance-focused electric vehicles.
Industry Implications
1. Luxury Automotive - Luxury automakers have opportunities to invest in all-electric flagship sedans and luxurious electric vehicles to compete in the growing electric vehicle market.
2. Automotive Manufacturing - Manufacturers have opportunities to invest in flexible production facilities capable of producing both electric and conventional vehicles to support the growing demand for electric vehicles.
3. Renewable Energy - As the demand for electric vehicles increases, so does the demand for renewable energy sources, presenting an opportunity for renewable energy companies to invest in electric vehicle charging stations or solar-powered vehicle charging solutions.