Jaguar is apparently planning to attack the upstart Fisker Karma head-on with an extended range electric version of the all-new XJ. The completely reworked XJ is due to arrive in July and hit dealers in December with a look heavily influenced by the smaller XF. A year later, the Indian-owned British luxury automaker will reportedly launch a plug-in version with 30 miles of electric only range that should help the big car get 47 mpg (US) and a CO2 emissions rating of less than 120 g/km.

Jaguar will be able to introduce this new model now that it has approved for a new EU loan for developing greener cars. Jaguar already has an advantage over some of its competitors because the full-size XJ is comparatively light thanks to its aluminum construction. Lotus Engineering and Caparo are helping Jaguar with development of the ER-EV powertrain.

Additionally, Jaguar and Land Rover are rumored to be developing micro-hybrids, full parallel hybrids, smaller diesel engines, and boosted gas engines along with even more weight reductions for the full lineup.

[Source: AutoCar]