Rare-Earth-Free Motor Tech Gains Traction in EV Space

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2025-06-23 05:12:24

The global automotive electric motors for EV market, valued at USD 66.6 billion in 2022, is projected to skyrocket to USD 791.4 billion by 2030, supported by a remarkable 31.5% compound annual growth rate (CAGR). The growth is driven by accelerating EV sales, stringent emissions regulations, and continuous innovation in motor technology. Electric motors are essential to vehicle electrification,...

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