Aston Martin is preparing its first EV for summer debut

Aston Martin will not be left behind in the race to electrification and unlike some other legacy supercar brands, it decided it is time to bring to the market its first all-electric car. During the earnings call, the Chairman of Aston Martin confirmed the company is currently overhauling its existing model portfolio with first refreshed cars to reach customers this autumn.

As much as we love Aston Martin and all of its creations, the bit that interests us the most is its electric plans. LAwrence Stroll, who is the Chairman of Aston Martin, announced the company is bringing the refreshed portfolio of its three main models together with the first electric Aston Martin to the Capital Markets Day. The date has not been yet confirmed but the event always takes place in the summer.

The company has plans to unveil a hybrid vehicle along with a fully electric sports car as well. Whether the hybrid vehicle means the current Valhalla, the plug-in 937 hp hypercar, remains to be seen. The Valhalla uses Mercedes-sourced electric drivetrain together with 4-liter twin-turbocharged V8 - the results are 349 km/h top speed and 0 to 100 km/h sprint in 2.5 seconds.

If we look back at a history of Aston Martin electric car announcements, we discover that back in 2021 the company was meant to present two all-electric models. They were meant to be a sports car and an SUV. The company planned to relaunch Rapide E as well as revive the Lagonda as an all-electric brand.

Aston Martin has been meeting with its suppliers earlier last month in an effort to build much stronger relationships with them. The company has an ambitious plan to roll out a completely new model portfolio within the next 18 months and at least one electric car will be a part of it.

The company hasn’t got high-volume ambitions, it plans to sell about 7,000 vehicles this year but the average price of each vehicle sold is well over €200,000. For comparison Ferrari sold 11,155 cars in 2022, mainly thanks to its growing US market. If Aston Martin gets its electric car first out to the customers, it will beat Ferrari and Lamborghini to the punch.

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