On Wednesday, Aston Martin delayed the launch of its inaugural battery electric vehicle (EV) by a year.
A car from Aston Martin – illustrative photo. Image credit: Spencer Davis via Unsplash, free license
The London-listed luxury carmaker revised its timeline, pushing the expected launch of the battery electric car to 2026, a shift from the earlier plan to introduce it next year.
The company stated that With Aston Martin’s established technical partnerships, it has revised its timeline, aiming to launch its first battery electric vehicle (BEV) in 2026, and that this will allow to incorporate cutting-edge high-performance technologies.
Mercedes-Benz recently postponed its electrification target by five years while emphasizing the continuous enhancement of combustion engine models.
On a broader scale, it seems that the automotive industry is witnessing a recalibration of production plans as the rapid investment in electric vehicle capacity and technology development surpasses the current demand.
Aston Martin had previously committed £2 billion ($2.53 billion) to advanced technologies over the next five years, transitioning its investment focus from internal combustion engines (ICE) to BEV technology.
Written by Vytautas Valinskas