Follow us on
Welcome Guest! You are here: Home » India
This Jaguar Land Rover Classic is billed as world's most beautiful electric car

Sunday September 2, 2018 6:12 AM, ummid.com News Network

Jaguar E Type Zero

London: Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its ‘E-Type Zero’ car, said to be “the most beautiful” of its kind in the world.

Designed by Italian racing driver Enzo Ferrari, the body and style of this electric car was inspired by the E-Type series of the 1960s.

Customers who already own classic E-types will be able to pay to have their car converted to electric drive — the original engine and transmission will be preserved so that they can be put back in, if that's ever wanted — or customers can pay Jaguar to acquire an E-type for conversion, Oilprice.com reported.

“We’ve been overwhelmed by the positive reaction to the Jaguar ‘E-Type Zero’ concept. Future-proofing the enjoyment of classic car ownership is a major stepping stone for Jaguar Classic,” Tim Hannig, Jaguar Land Rover Classic Director, said in the statement.

The announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.

The scramble by automakers to secure supply of battery materials has spiked the price for lithium, cobalt, nickel, rare earths and even copper (there’s 300kg of copper in an electric bus and nine tonnes per windfarm megawatt).

The all-electric Jaguar E-Type is the same classic sports car from the 1960s with its long hood, curved roof and chrome bumpers, but with its engine and transmission removed and replaced by a battery pack and an electric motor.

Recent studies show that automotive-related commodity costs jumped to six-year highs in 2017 — up 70 percent, or $884 per vehicle, since 2015.

Should key battery metals prices continue to climb, it could bring more headaches to carmakers already selling EVs at a loss amid fierce competition, low volumes and disadvantages to internal combustion engines. An International Energy Agency (IEA) report pegs $125/KWh as the level at which EVs achieve parity with those equipped with internal combustion engines (ICEs), but it also warns that since battery costs remain a major component of the current price tag for EVs, financial incentives such as rebates, tax breaks or exemptions will be needed to support electric car deployment.

Not surprisingly, AlixPartners, a US consulting firm, sees an eye-popping $255 billion pouring into research and development and capital expenditures to bring some 207 electric models to the market by 2022. A further $61 billion has been earmarked for autonomous-vehicle technologies according to the study.

BMW recently said raw materials needed for car batteries will grow 10-fold in seven years, adding it has been surprised by "just how quickly demand will accelerate". BMW plans to offer 25 electrified vehicles by 2025 and, like many of its peers, it prefers using nickel-magnesium-cobalt batteries (EVs pioneer Tesla's favoured battery technology that uses less cobalt).

For all the latest News, Opinions and Views, download ummid.com App

Select Langauge To Read in Urdu, Hindi, Marathi or Arabic

Share this page
More Headlines
Arafat Valley reverberates with Talbiyah as over 02 million pilgrims perform Hajj
Heavy rains, dust storm greet pilgrims as they prepare to move to Plains of Mount Arafat
Video: Kaaba’s Kiswa buffeted by high winds in Makkah a day before Youme Arafah
Micro, Small and Medium Enterprises worst hit by GST, demonetisation: RBI
In hours, Indian businesses in UAE donate $2.7 million for Kerala flood victims
Researchers create new AI-powered camera for faster image processing
Situation in Kerala extremely grim, panic all across the state; Death toll 320
Finest orator and parliamentarian, but Vajpayee was never a Great Prime Minister
Kids do not overeat, but substitute when given extra time: Study
MIM corporator beaten, Professor thrown out of home for criticising Atal Bihari Vajpayee
Saudi Arabia denies collapse of any building in Makkah ahead of Hajj
Imran Khan formally elected as Prime Minister of Pakistan
This 14-year-old schoolboy is running for governor in America's northeastern state
Muslims After Four Years Of Narendra Modi Rule In India
Tired of corrupt governance system, Doctor turned IAS Officer resigns, to join NGO
All indications suggest that PM Modi will opt for Lok Sabha Elections in December
Don't damage Muslim-Hindu relations, India is large enough for both of us
Beware - Mixing energy drinks and alcohol has ill effects
Why Independence Day is Important: Dr Nowhera Shaikh explains in touching message
Muzaffarnagar riot cases can't be withdrawn: Top Official to UP Govt
 Post Comments
Note: By posting your comments here you agree to the terms and conditions of www.ummid.com