So Jaguar Land Rover has finally woken up to realise that the petro car age is coming to an end so it is going to invest £1 billion in developing electric cars. This follows the announcement of a record £3.6 billion annual loss and 6,500 job losses last year following the collapse of diesel sales which has seen a 50% CRASH in UK new car sales due to increasing climate change panic and government announcements to move towards a zero carbon emissions economy by 2050

Where carbon emissions are concerned, the number 1 culprit is transport that generates green house gasses of more than twice that of conventional power stations with emissions down less than 3% since 1990.

Thus our roads are destined to see a huge change over the coming decade as electric cars that make up less than 1% of the cars on the roads today will increasingly replace petrol and diesel vehicles. Therefore auto makers such as Jaguars Land Rover face a stark choice between either going out of business or to invest in developing electric cars. Which JLR has belatedly announced they would start to do today, several years behind the curve when compared to other major auto manufacturers, as JLR's £1 billion announcement is a mere drop in the ocean when compared against £70 billion by Volks Wagon and £33 billion by Daimler, with the auto industry investing £240 billion in total in developing electric cars.

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By HGR

http://www.howtoguidesandreviews.com

http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes.

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