Jaguar is repositioning itself as an upscale EV brand, focusing on profit margins rather than volumes.The first EV from Jaguar's new era will cost £120,000 in the UK and appeal to customers primarily interested in design and interior.Jaguar aims to stand out in the EV market flooded with aerodynamically focused cars.The first Jaguar EV model underpinned by the Jaguar Electric Architecture is expected to have a range of 478 miles and will be released in 2026.