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