The company will not completely disown traditional powertrains, instead offering a hybrid option for every model in the lineup.
Aston Martin has confirmed plans to have a fully hybrid lineup in just a few years.
The company in 2015 previewed a pure battery-powered EV, the RapidE, to demonstrate its commitment to an electric automotive future. The company will not completely disown traditional powertrains in the near future, instead offering a hybrid option for every model in the lineup.
"We will be 100 per cent hybrid by the middle of the 2020s," CEO Andy Palmer told Financial Times.
Aston Martin's plans to launch an electric vehicle by 2018 involved a partnership with LeEco, a company known as 'China's Netflix' that was founded by the same billionaire behind struggling EV startup Faraday Future. Financial troubles at LeEco prompted the company to walk away from its collaboration with Aston Martin.
To avoid any speculation that Aston's newfound enthusiasm for hybrids might be related to a backpedaling on EVs, Palmer told FT the RapidE will begin rolling off the assembly line by 2019.
The company expects a quarter of its vehicles to be fully electric by the end of the next decade.