Electric Motors

The electric vehicle market has been steadily growing in recent years as part of global efforts to reduce harmful emissions and increase the overall sustainability of road transport. Demand for individual vehicle parts including battery cells and motors has therefore ramped up as a result.

Growing export restrictions placed on defense-related rare earth materials from China at a time of multiple international conflicts underscores growing demand in the US and Europe to develop alternative supply. China's latest export restrictions on critical rare earth elements applies yet more pressure to what are already tightly controlled materials.

IDTechEx analyst Dr Jack Howley summarizes the rare earth magnet market.

The advancement of fuel cell technologies, combined with the global commitment to sustainable aviation, creates a significant opportunity for hydrogen-fuelled planes to enhance the sustainability of air travel.

The European Commission has proposed the Critical Raw Materials Act to "ensure the EU's access to a secure, diversified, affordable and sustainable supply of critical raw materials".

With 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).

Wednesday 30 November 2022 - This webinar will summarise the major EV market events of 2022 alongside the underlying technology and materials developments which will underpin future growth.

The electric vehicle business will grow rapidly to over $1.5 billion in 2029, with the largest percentage being batteries. However, that percentage will peak with cost reduction and some being replaced by supercapacitors.

IDTechEx Chairman, Dr Peter Harrop, discusses the rise of electric school buses with a focus on China and America