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

  • Green Car Congress faviconGreen Car Congress

    By mmillikinDec 3, 2022, 8:16 am591 ptsHot
    photo of IDTechEx: EV market doubles down on permanent magnets despite material costs imageWith 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). The price of neodymium has remained fairly constant from…
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