Aston Martin Developing All-Electric Cygnet image

A new report from Britain’s Car magazine reveals Aston is readying an electrified version of the Cygnet, which launches in gas-powered form later this year.

In an interview in the current issue of Car, Aston CEO Ulrich Bez says, “‘We believe there is a market for an urban runabout which is easy to park and very economical yet almost as well appointed as a Vantage.”

Car said the standard Cygnet will be a moneymaker for Aston, which is paying Toyota a wholesale price of around $16,000 a car.

The standard Cygnet is based on the Toyota iQ, and an electric Cygnet would almost certainly be based on the iQ EV, which was unveiled at March’s Geneva Motor Show.

Power will be provided by a lithium-ion battery pack sandwiched beneath the Cygnet’s floor. Range should be in the neighborhood of 65 miles per charge — which fits nicely into Aston’s theory of owners using this as an urban runabout and their other Aston (a Vantage, Vanquish, Virage, Rapide, One-77, etc.) for long trips.