Jaguar I-PACE, Once Touted As 'Tesla Killer,' To Bow Out In 2025: Report
Tata Motors Limited-owned (NYSE:TTM) Jaguar confirmed plans to retire the I-Pace, once called a ‘Tesla Killer,’ by 2025, reports Autocar.
JLR CEO Adrian Mardell announced the decision, contradicting former expectations of the I-Pace remaining on sale.
The official withdrawal dates for the I-Pace and other Jaguar models are still uncertain as the company anticipates the launch of its new model lineup. Jaguar is set to reveal its first new-era car in late 2024 and launch it in 2025, built on the firm's bespoke JEA electric architecture.
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The I-Pace is currently primarily sold in the UK and mainland Europe to help the company comply with emissions targets. Mardell noted that the I-Pace has significantly contributed to the development of the firm's other EVs.
Despite traditionally high Jaguar volumes, JLR has recently shifted its focus to the production of more profitable models due to the chip shortage. The company’s future target for the revamped range is 4000 cars per month.
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