IDTechEx: EV market doubles down on permanent magnets despite material costs
Green Car Congress
DECEMBER 3, 2022
This has been especially true for the rare earth materials used in the manufacturing of electric motors for electric vehicles (EVs). The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020.
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