Ferrite vs Rare-Earth: Is Rare-Earth-Free Motor a game-changer that EV industry needs?
Ferrite vs Rare-Earth: Is Rare-Earth-Free Motor a game-changer that EV industry needs? Ola Electric recently announced that it has developed a new traction motor for its two-wheelers that does not rely on rare-earth magnets. Instead, it uses ferrite magnets, which are significantly cheaper and more abundant. The development has generated wide attention, given the strategic importance of rare-earth elements in the electric vehicle (EV) ecosystem. Globally, permanent magnet synchronous motors (PMSMs) account for more than 70–80% of EV traction motor…