Jaguar to kill off entire model lineup, except F-Pace SUV

Future Jaguar EVs will come with all-wheel-drive, rear-wheel steering and fast-charging capabilities.

JLR had previously announced that its 'Jaguar' brand will become EV-only by 2025. Keeping up with this goal, the British carmaker has announced that it will axe its entire model lineup, except one.

Jaguar's model lineup, which includes the XE, XF sedan, XF Wagon, F-Type, E-Pace and I-Pace, will be discontinued by the end of this year. The only model which will continue to be on sale is the F-Pace. However, the SUV's days are also numbered, as it could be phased out closer to the launch of Jaguar's first all-new EV arrival sometime next year.

Speaking about the six models which will be discontinued, Adrian Mardell, CEO of Jaguar, stated that they barely made any money for the company, generating "close to zero profitability."

The overhauled Jaguar brand will push more upmarket electric vehicles going forward, with an annual sales target of less than 50,000 units. The upcoming premium EVs will be underpinned by the long-wheelbase JEA electric vehicle platform. Future Jaguar EVs will come with all-wheel-drive, rear-wheel steering and fast-charging capabilities.

Reports also mentioned that Jaguar will unveil the concept car later this year, previewing its upcoming electric vehicles. The first model is expected to be a Gran Tourer EV, priced over $130,000. Reports also mention that a big electric SUV is in the works.

Source: AutomotiveNews