New Toyota magnet cuts dependence on key rare earth metal for EV motors

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Old 21 Feb 2018, 07:48 am   #1 (permalink)
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Default New Toyota magnet cuts dependence on key rare earth metal for EV motors

Toyota Motor Corp has found a way to reduce the amount of a key rare earth metal used in magnets for electric car motors by around 20 percent, which could tame the cost of producing electric cars and reduce the risk of a supply shortage of materials needed for their production. FILE PHOTO: A Toyota Prius and a Prius V are displayed at the North American International Auto Show in Detroit, January 12, 2016.



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