Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus

by
October 31, 2024
in Top News
0
Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Amid ongoing uncertainty around electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrids (PHEVs) has surged.

Jaguar Land Rover (JLR), the West Midlands-based, Indian-owned automotive group, has reported a 29% increase in global sales of its PHEV models for the first half of its financial year, ending in September.

This shift towards hybrids reflects changing consumer priorities, with many buyers opting for PHEVs as a transition step towards full EVs. JLR sees PHEVs as a “stepping stone” technology, enabling customers to familiarise themselves with electric driving while alleviating “range anxiety” through a hybrid petrol engine. For longer journeys, the hybrid system switches seamlessly from electric to fuel, providing flexibility for those uncertain about fully committing to an EV.

PHEVs are becoming a popular choice in the UK market, where hybrid sales have risen by 26% this year, surpassing diesel’s share. JLR’s Defender and Range Rover models have seen particularly strong demand, with global PHEV sales up 47% for Range Rover and 23% for Defender, building on a 59% increase in global PHEV sales in the year to March. In the UK alone, JLR’s PHEV sales reached 20,800 units, a 55% rise from last year.

Mark Camilleri, JLR’s electric vehicle programme director, highlighted that PHEVs provide an introductory ownership experience that includes both home and public charging before buyers consider transitioning to fully electric vehicles. Currently, JLR’s Range Rover PHEVs offer an electric-only range of 70 miles—well above the UK driver’s average daily mileage of 20 miles—allowing for zero-emission daily commutes in urban settings.

Looking ahead, JLR has committed to introducing fully electric models of the Range Rover, Defender, and Discovery by the end of the decade. Jaguar, JLR’s sister brand, will go fully electric next year, signalling the group’s dedication to electrification while balancing consumer needs for hybrid solutions in the meantime.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms

Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms

Recommended

Two Down and Two to Go – Capitulation and Thrust are just a Start

Two Down and Two to Go – Capitulation and Thrust are just a Start

May 4, 2025
Malixi jumps to No. 5 in World Amateur Golf Ranking

Malixi jumps to No. 5 in World Amateur Golf Ranking

August 15, 2024
South East leads in bank loans to small businesses as other UK regions lag behind

South East leads in bank loans to small businesses as other UK regions lag behind

October 21, 2024
Remolona signals 2 more rate cuts

Remolona signals 2 more rate cuts

September 25, 2024
PHL developers to see increased buyer demand as rates go down

PHL developers to see increased buyer demand as rates go down

August 28, 2024
PHL climate financing hits record $3.13B in 2023

PHL climate financing hits record $3.13B in 2023

September 22, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved