"But according to IDTechEx, despite Europe’s efforts, the production of permanent magnet designs will not be completely halted given their superior efficiency and power density. In fact, in 2020, 77% of the electric car market used permanent magnet motors, a ratio that – according to the market analyst – has remained fairly consistent over the past five years.
Within this context, IDTechEx’s report states that the expectation is for neodymium volume demand from battery-electric vehicles in 2032 to be 11 times the demand experienced in 2021. "
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❤ NdPr is STILL the KING !
EV news, page-1461
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