Jaguar's I-PACE boasts a driving range on par with that of Tesla's Model X. The auto maker says it'll carry a lower price tag. Fred Katayama reports.
The real star of this show - not the headturners from Hollywood such as Miranda Kerr and James Corden but rather the I-PACE concept sport utility. Jaguar unveiled its first all-electric vehicle Tuesday night at a red carpet event. Jaguar's legendary designer Ian Callum: SOUNDBITE: IAN CALLUM, DIRECTOR OF DESIGN, JAGUAR, (ENGLISH) SAYING: "We within Jaguar design and engineering feel that we have to have an electric car because that's where the future is going to hold. We have a very dynamic engineering design team very ambitious, and we looked to the future and said, this is the only way we are going to do this. So, we did it." Equipped with motors putting out 400 horsepower, the I-PACE boasts a driving range of 220 miles per charge. That's roughly the same range as Tesla's Model X. Jaguar says its vehicle will carry a "much lower price point" than the Model X. Jaguar aims to produce the car in 2018.