IDTechEx Explains how Electric Vehicles are Eliminating Rare-Earths

Magnetic materials are key to producing electric vehicles. Many of the electric vehicles on the market use kilograms of magnetic materials to drive their electric motors. In fact, over 80% of electric cars sold globally utilized permanent magnet-based motors in 2019. These magnets are typically made with rare-earth materials such as neodymium and dysprosium, which...