An axle assembly may have at least one electric motor/generator. The motor/generator may be connected to a first sun gear. A first gear of a first planet carrier may be meshed with the first sun gear. A first ring gear may be meshed with a second gear of the first planet carrier. A second ring gear, a second sun gear and a second planet carrier may be provided. A selector sleeve may selectively connect a selector spline connected to the first ring gear and a ground for a low output speed, the selector sleeve may selectively connect the first and second ring gears with the first planet carrier for a high output speed and selector sleeve selectively connect to only the first ring gear for neutral.