Jaguar Land Rover plans to release a hybrid version of the Jaguar XJ around 2011, thanks to a £307 million ($452 million) loan the company has revceived from the European Investment Bank. That cash comes in addition to a loan of around £500 that JLR has already received from the EIB to help green its lineup.
According to reports, the re-worked XJ will rely on electric batteries for short-range trips, with a combustion engine at the ready to provide extended range and recharge the batteries. (Batteries will also be chargeable via the grid, natch.) Currently, the company is aiming for "an electric range of 30 miles, fuel economy of 57mpg, CO2 emissions of less than 120g/km and a top speed of 112mph", which seem like pretty lofty goals--and laudable ones, too.
Other eco-friendly developments in the works include a hybrid "mini-Range Rover", a "mild hybrid" Range Rover Sport, and a lightened-up version of the Jaguar XF. Finally: the upwardly mobile can go green in style. Awesome.