News > JLR to spend £3 bn more on revamp amid slow EV shift

JLR to spend £3 bn more on revamp amid slow EV shift

Jaguar Land Rover is increasing planned investment to £18 billion over five years to support its strategy of having fully electric options for all its models by the end of the decade. JLR will have to keep developing internal combustion engine and plug-in hybrid versions for longer in some markets “given the global transition to battery electric vehicles is going slower and more globally patchy than many expected,” JLR CFO Richard Molyneux said.