An all-electric Jaguar is reportedly in the works, with an estimated target date of 2018.

The vehicle will probably be based off the platform of Jaguar’s upcoming SUV, though this hasn’t been confirmed by the British carmaker. The news comes from several unnamed sources and was reported by U.K.-based Autocar.

Any battery electric from Jaguar will most likely have a 300-mile capability. This long range will be necessary to stay competitive against Tesla, who is currently the leader of the luxury BEV segment. The sources divulged no details about the project, however, leaving much to speculation.

Jaguar C-X75 hybrid supercar.

Jaguar C-X75 hybrid supercar.

If Jaguar is indeed working on a new BEV, it will undoubtedly bring to the design table knowledge gleaned from the now-shelved C-X75 project. This supercar was built in 2013 to take on the LaFerrari and McLaren P1.

The plug-in hybrid had both a turbocharger and a supercharger mounted to its 4-cylinder, 502-horsepower engine. The top speed rating of 220 mph beat the hybrid Porsche 918 Spyder by 6 mph.

Jaguar displays the tech behind its C-X75 Hybrid Supercar Prototype.

Jaguar displays the tech behind its C-X75 Hybrid Supercar Prototype.

Jaguar’s electric portion of the supercar’s drivetrain included two 194-horsepower motors and a 19-kilowatt hours lithium ion battery. By tapping into the battery pack, the C-X75 could drive 40 emission-free miles before the gasoline engine kicked in.

Analysts project, however, that Jaguar’s newest electrified car most likely won’t resemble the $1.5 million plug-in hybrid C-X75.

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Instead, it’s much more likely that the Jaguar will be an all-electric version of the F-Pace. Included in the sparse details Jaguar has released on its upcoming gasoline F-Pace is that it will be a 5-seat a crossover scheduled to arrive next year. Jaguar describes it as a “family sports car” that combines luxury, performance and all-weather capabilities.

It won’t be surprising if Range Rover also piggybacks off Jaguar’s BEV platform at the same time. Last fall, Director Group Engineering Jaguar Land Rover Dr. Wolfgang Ziebert hinted at plans for a battery electric vehicle that was targeted as a “second or third car for a wealthy family.”