Will Jaguar Land Rover Achieve Its 2030 Electric Vehicle Goal?
29 / 4 / 2023
Jaguar Land Rover (JLR) plans to become an "electric-first" luxury car maker by 2030
aiming for 60% battery electric vehicle (BEV) sales by then and 100% by 2036, according to analysts at Ventura Securities.
The firm plans to invest £15bn ($20bn) over the next five years to achieve its electric roadmap, which includes investment in manufacturing facilities.
JLR is targeting break-even volumes in the range of 300,000 to 350,000 vehicles, and by FY26, JLR's volumes are expected to grow at a compound annual growth rate of 7%
to 455,517 vehicles, while revenue and EBITDA are expected to grow at a CAGR of 13.2% to £30,070m and 30.2% to £4515m, respectively.