Aston Martin just got a big cash injection to accelerate battery tech

An image of the Aston Martin DB12 in a scenic landscape
(Image credit: Aston Martin)

Daniel Craig may have hung up his tuxedo and the rumours are circulating about who will play the next Bond, but it is increasingly looking like 007's next set of wheels will be powered by batteries and an electric motor.

Aston Martin has received £9 million in funding from the UK's Advanced Propulsion Centre (APC) – sorry, no Q Branch here – to supplement the research and development of the carmaker’s in-house bespoke luxury battery electric vehicle platform. 

The government funding will assist the iconic British brand in making the transition from internal combustion engine supercars and powerful SUVs, to a future that is, like pretty much every other manufacturer on the planet: all-electric.

Although £9 million is nothing to be sniffed at, it is only part of the £2 billion committed by Aston to advanced technologies over the next five years. It also won’t make the move alone, as its Project Elevation is a six-partner collaborative research and development project led by Aston Martin.

It will include support from the Manufacturing Technology Centre, Expert Tooling & Automation, Creative Composites, Fuzzy Logic Studio and WMG, University of Warwick. 

According to Aston, the project will address the "technical challenges of developing a lightweight, 800V traction battery pack and twin front electric drive unit (EDU) into a modular BEV platform with a bandwidth from supercar to SUV." In short, it wants to create its own proprietary tech, rather than rely on outsourcing it.

What will be the first electric Aston?

Aston Martin BEV

(Image credit: Aston Martin)

Aston plans to release its first all-electric vehicle in 2025, pipped to an SUV (although we are unsure whether it will be a DBX variant or an all-new vehicle) and powered by motor and battery technology from Lucid. Power output from a four motor set-up could be as much as 1,500bhp. 

By 2026, there will be an electric version of all Aston models, and by 2030, you won’t be able to buy a rumbling V8 or howling V12. It looks like Bond’s next car will be the smooth silent type. 

You might also like

Leon Poultney
EVs correspondent

Leon has been navigating a world where automotive and tech collide for almost 20 years, reporting on everything from in-car entertainment to robotised manufacturing plants. Currently, EVs are the focus of his attentions, but give it a few years and it will be electric vertical take-off and landing craft. Outside of work hours, he can be found tinkering with distinctly analogue motorcycles, because electric motors are no replacement for an old Honda inline four.

Read more
Aston Martin Valkyrie
Aston Martin has a bright idea to make future EVs more exciting to drive, but it’s not what you think
Maserati Grancabrio Folgore
Is this the end for electric supercars? More luxury automakers, including Aston Martin, delay plans for EVs
Rolls-Royce Spectre Black Badge
The most powerful Rolls-Royce in history is electric and it’s here to boost performance – and the marque's luxury appeal
Zeekr 7X SUV
Zeekr's new EV has a 'Golden Battery' that charges from 10-80% in just nine minutes – making it the world's fastest
Ferrari Roma
Ferrari reveals 2025 launch date for its first fully electric car – here's everything we know
2025 Used EV Bargains
2025 will be the year of EV bargains – here are the 9 best second-hand buys that I've driven
Latest in Hybrid & Electric Vehicles
Rivian R1T
Big Rivian update delivers hands-off driving to rival Tesla Autopilot – and a new 'Rally' mode
The Deepal EO7 from the side, an SUV and pick-up truck combo
I drove an electric SUV that transforms into a pick-up, and it’s as fun as it is functional
Tesla Model 3
Tesla's EV sales are plummeting – as used Model Y and Model 3 prices crash to bargain levels
Telo MT1
The anti-Cybertruck? This new electric pick-up is the size of a Mini and the cutest way to haul your gear
Xiaomi SU7
Xiaomi's EV is racing ahead of Tesla in China – and it's planning a global Model Y rival next
The Chery Omoda E5 from the side
Why did carmakers ditch the spare tyre? I have no idea – but the Chery Omoda E5 is bringing it back
Latest in News
Google Gemini Robotics
Gemini just got physical and you should prepare for a robot revolution
Lilo & Stitch Official Trailer
Stitch crashes into earth and steals our hearts with the first trailer for the live-action Lilo & Stitch
GTA 5
GTA Online publisher Take-Two is gunning for a black market that’s basically heaven for cheaters
Y2K cast looking shocked
Y2K has a streaming release date on Max, so you can witness the technology uprising at home
The Discovery+ homepage
Discovery+ just got a big update to its streaming app that makes it more like Max – here are 5 great new features to try
Two Android phones on a green and blue background showing Google Messages
Struggling with slow Google Messages photo transfers? Google says new update will make 'noticeable difference'