The British manufacturer announced the decision ahead of this weekend’s Monaco E-Prix, having reached its 100-race milestone in Tokyo earlier this year.
Its maiden entry into the all-electric championship in 2016 was the first time Jaguar had competed in single-seaters since the brand left Formula 1 in 2004, with the remains of the team sold to Red Bull.
During its time in Formula E, Jaguar has recorded 13 wins and finished second in the teams’ standings twice, while Mitch Evans has been in contention for the driver’s title the last three years having competed with the team from the outset.
Although it has yet to secure an outright title success, the team’s powertrain allowed customer outfit Envision to claim the teams’ title last season, while Jaguar currently leads the standings this year approaching the halfway point of the campaign.
“I’m proud that since we started in 2016 we’ve built an amazing team which is highly capable, which is competitive, fighting for race wins and championships in a true world championship,” Jaguar team principal James Barclay told Autosport.
“This is our Formula 1. We’re an all-electric car company in the future from 2025 and this is the pinnacle of electric racing so the fit is perfect.
“The ingredients are all there and together with Formula E and the FIA we’ve committed to try and put those ingredients together in the right way to really fulfil the potential of this championship.
Source: Autosport