IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising
Green Car Congress
NOVEMBER 4, 2020
While there has been much publicity and technical development towards rare-earth reduction in vehicle motors, in practice the market is seeing an increase in the number of permanent magnet motors. China accounts for the vast majority of rare-earth production worldwide and this has, in the past, led to huge price volatility.
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