Aston Martin cars to be 100% hybrid by mid 2020s

Improved pre-tax profits for Aston Martin

All Aston Martins to be available as hybrids

To launch in late 2019, the vehicle, known as the DBX, will initially be powered by V8 and V12 petrol engines, but Palmer has confirmed a hybrid model is also in the works.

Volvo recently announced that within the next few years all of its models will be electrified and now Aston Martin has made a similar announcement.

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Aston Martin CEO, Andy Palmer, said, "We will be 100 percent hybrid by the middle of the 2020s", while speaking with the Financial Times. Aston Martin's first regular production hybrid and electric cars will be variants of the DBX SUV entering production in 2019. Following the Valkyrie's introduction, Aston Martin will release a fully electric version of the Rapide sedan.

Palmer also told the FT that Aston Martin would buy in battery cells, but that its EV powertrains would be designed and built in-house. While Aston Martin will include the hybrid engines as an option, the standard engines will still be offered. These will be limited-edition models, however.

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Addressing the company's plans to develop its own electric and hybrid systems, despite recently partnering with Mercedes for its V8 engines, Palmer said: "You need to keep core technology inside the company". Now also appears to be a good time to be a British auto maker looking to expand an EV lineup; the United Kingdom government has been helping several firms with grants to encourage low-carbon technologies. Electric motors are great for low-end torque, for example. The automaker's current models rely on V-8 and V-12 engines, so any V-6 will be an entirely new unit. It would also help the auto escape punitive taxes in countries where taxation is based on engine size, one of which is China.

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