Jaguar powers up electric racing team

Billy Bambrough
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Jaguar is hoping its electric Formula E racing team can accelerate to pole position (Source: Jaguar Land Rover)

Jaguar will lift the lid on plans for its electric Formula E racing team this week.

The car, team, and sponsors are set to be unveiled on Thursday and will compete in the opening race of the Formula E season in Hong Kong next month.

Jaguar Land Rover – owned by the Indian industrial giant Tata – is racing to catch up with the likes of Tesla and BMW as the fast-growing, electic-powered car industry accelerates.

Read more: Ten ways the electric car revolution will transform the global economy

It’s thought the racing car’s technology will be used as a blueprint for Jaguar’s electric car ambitions with a consumer model expected to be launched later this year.

Jaguar has been battling against coming European fines for its fuel-guzzling Land Rover and Range Rover models in recent years as the regulator cracks down on high emmision cars.

In the first half of this year worldwide sales of electric cars were up 57 per cent to 285,000 and there are now more than 1m electric cars on the world’s roads for the first time ever.

Read more: The Tesla Model 3 has arrived: Here's what you need to know

US electric car firm Tesla is expected to produce 85,000 vehicles this year.

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