Luxury carmaker Aston Martin said it would produce electric models in the UK from 2025.The commitment by Lawrence Slater, the company's Canadian billionaire boss, comes as the industry faces difficulties, including falling demand as a result of the epidemic and difficulties in the UK in ensuring investment to keep the industry running.

Last year, Lawrence Slote launched a £500m bailout deal for the troubled company. In an interview, he saidBattery sports cars and SUVs will be produced at Aston Martin's factory, not by partner Mercedes-Benz, which owns 20% of Aston Martin.

Last October, Aston announced a partnership with Daimler's Mercedes-Benz, which will increase its stake in Aston by 20% by 2023, making it one of its largest shareholders.

Under the agreement, the existing supply agreement between the two companies, effective in 2013, will be expanded to allow Aston to use Mercedes' hybrid and electric drive technology.

At the same time, the British automaker recently announced results showingAs sales shrank, the company's loss quadrupled to 466 million pounds ($645 million) in 2020.

British government regulations require that every new car sold in the UK must be electric or some form of hybrid by 2030. Last DecemberSlote says they will continue to produce cars driven by pure internal combustion engines beyond 2030. The British carmaker has vowed to cater to gasoline enthusiasts around the world, despite a ban on the sale of diesel locomotives in the UK after 2030.

Volvo CEO Hakan Samuelsson (Hakan Samuelsson) said last year that the Swedish company aims to achieve all-electric by 2030.

Meanwhile, Ian Howells, Honda's head of Europe, said all cars would be hybrid or electric within two years. The Japanese carmaker will stop selling gasoline and diesel cars in Europe in 2022.

In November, British Prime Minister Johnson said he wanted to advance Britain's ban on the sale of new gasoline and diesel cars and vans from the currently planned 2040 to 2030. The new goal is part of his overall plan to shift the UK to energy and transport that are more conducive to climate change. If a ban on fossil fuel cars were implemented in 2030, the UK would be second only to Norway, which would impose a ban in 2025.