Unveiled to a hugely positive audience at the Los Angeles Motor Show this month, the new I-PACE, Jaguar's high-performance electric car, is the first of the prestige brands to break Tesla’s monopoly on the electric sports car. With plans for it to be on the road in 2018, the new I-PACE is a smart five-seater with stunning styling and promises to have a range of more than 200 miles before it needs recharging. The new Jaguar should rival the Tesla's performance, speed and design. Dr Ralf Speth, Jaguar Land Rover's CEO, described the concept as showing how the UK manufacturer is becoming a leader in the revolution as the industry increasingly turns to electricity to power its products. He said: "We are shaping the future, developing our own approach to autonomy, connectivity and electrification to offer our customers more choice." This new car provides Jaguar with its first ever battery-only model, staying in line with every other volume car maker, being forced to lower their average carbon emissions. Jaguar and its sister company, Land Rover have bigger ideas though, with plans to offer customers electric cars or at least petrol/electric hybrids on half its model range. In the last five years Jaguar Land Rover have trebled its investment in battery technology and electric drive trains and last year revealed its plan to double the size of its advanced engineering and design center in the UK. This expansion will help the company's creation of high-tech, ultra-low emissions cars. Jaguar Land Rover is currently working on autonomous vehicle systems, as shown in their recent self-driving Land Rover prototype, but there is no official word on if the Jaguar I-Pace will have this ability in the final production version.