Toyota Developing New Motor Technologies to Combat Rare Materials Shortage
Published Monday, 30 January, 2012 by Blog Admin. Categories: News.
Did you know that most hybrid and electric automobiles use rare earth materials like dysprosium and neodymium? It's true, these materials are used in motor magnets for many popular new models, like the Toyota Prius, as well as other EVs and hybrids from competing automakers and manufacturers.
The problem with these materials? They've been limited by the Chinese government, which supplies 90 percent of rare earth materials to the world. As the supply for them dwindles, the prices soar, which is bad news for the forward-thinking vehicles that already cost a bit more than standard gasoline autos. The…