IDTechEx: despite efforts to reduces rare-earth use, percentage of permanent magnet-based EV motors rising
Green Car Congress
NOVEMBER 4, 2020
Additionally, the Chinese electric vehicle market is the largest in the world and due to their control of the rare-earth supply, most Chinese vehicle models utilize 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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