A wedge clutch, including: an inner race having a radially outermost surface sloping radially outward from a first axial side to a second side; an outer race located radially outward of the inner race; a wedge plate radially disposed between the inner and outer races, the wedge plate including a radially innermost surface sloping radially outward complementary with the radially outermost surface of the inner race; and an actuation assembly arranged to displace the inner race in the first axial direction to place the wedge clutch in a locked mode in which the inner race, the wedge plate and the outer race are non-rotatably connected and in the second axial direction to place the wedge clutch in a free-wheel mode in which the inner and outer races are rotatable with respect to each other.