You know there is a lot of dollars to be made when the luxury brands start joining the race.
In yet another clear sign of development for the automobile industry, British car manufacturer Jaguar announced its plans to go fully electric by 2025. The company will also launch electric models of its entire Land Rover range by 2030.
The move is being called the UK’s response to Tesla (a little delayed, perhaps?).
To achieve this ambitious goal, the company expects to spend around £2.5b a year on new technology.