Reducing Rare Earths in Vehicle Motors

The New York Times reported that researchers are looking to reduce demand for rare earths by using less material in motors.

As quoted in the market news:

While permanent-magnet motors are the most popular type used in electric and hybrid drive systems — an estimated 90 percent of today’s electric vehicles use this design, said Kevin Riddell, an analyst with LMC Automotive — they are not the only workable design. Induction motors, for example, draw an electrical current to create the magnetic field that makes the motor’s shaft rotate.

Click here to read the full New York Times report.