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Jaguar announces pricing on I-Pace EV

By David Undercoffler | March 6, 2018

Just a week after Jaguar debuted its first-ever I-Pace all-electric crossover, we now know what it will cost to get into one: $70,495.

That’s the base price -- including destination -- for the new model. Even better, that’s before any state or federal tax incentives are factored in. California residents who maximize both could cut as much as $10,000 from the I-Pace’s sticker price.

With a 240-mile range and fast-charging abilities, many have been comparing this new Jaguar crossover to Tesla’s larger Model X crossover. Whether that’s accurate or not (the Tesla’s base price is $10,000 more, but it also offers more features and space), Jaguar has an ace up its sleeve in the pricing battle: the number of federal tax credits.

The first 200,000 electric vehicles sold by every manufacturer in the U.S. are eligible for the tax credit. Tesla is expected to hit that limit later this year, after which the tax credits will gradually be phased out to zero. Jaguar, meanwhile, is just starting to sell EVs.

This means that if you’re looking at both models in a year’s time -- when Tesla has run out of credits entirely -- you could see a $20,000 price difference between the two.

By then, the all-electric, luxury crossover space will be heating up as Audi is also expected to release a new model called the E-Tron this summer. Like Jaguar, it will have a full bag of tax credits to lure in buyers.

The 2019 Jaguar I-Pace will go on sale later this year.