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IDTechEx: EV market doubles down on permanent magnets despite material costs

Green Car Congress

With the continued global turmoil experienced over the past few years, the prices of almost everything are rising. This has been especially true for the rare earth materials used in the manufacturing of electric motors for electric vehicles (EVs). While the price has settled somewhat, in October 2022, it was still 2.4

Market 259
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Upgraded Tesla Model 3 Long Range Dual Motor AWD gets minor price increase

Teslarati

Just weeks after its initial release in North America, the upgraded Tesla Model 3 Long Range Dual Motor All wheel Drive (AWD) has seen a minor price increase. With the price increase in place, the Model 3 LR now starts at a price of $46,990. Previously, the vehicle was priced at $45,990 before options.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ? United Kingdom ?

Motors 284
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MAHLE says it has developed the most durable electric motor; new cooling concept

Green Car Congress

The automotive supplier MAHLE has developed what it says is the most durable electric motor available: the superior continuous torque (SCT) E-motor. The traction motor can run indefinitely with high performance due to its new cooling concept. Building large electric motors that deliver short-term high performance is easy.

Motors 447
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Lucid Motors cuts thousands off 2024 Air prices and adds new charging, maintenance perks

Electrek

With its second all-electric model hitting the market this year, Lucid Motors wants to ensure consumers don’t forget about its flagship sedan – the Air.

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IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising

Green Car Congress

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.

Motors 397
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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. The true direction of prices in 2021 will only be revealed once Chinese traders return and assess their appetite for the metal in March, Roskill said. This is the highest level since 1 May 2012 when copper traded at US$8,528/t.

Price 399