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May 18, 2012

ENGINE MAKERS * USA

* USA - Report: Traction motor makers face burgeoning cost of rare earth magnets

 -Automotive Business Review -17 May 2012: -- Future electric vehicles which are using traction motors will face a tough time ahead with the burgeoning cost of rare earth magnets, according to IDTechEx report... The report Electric Vehicles 2012-2022 revealed that about 128 million EV's will be manufactured in 2022, delivering an expected business of about $260bn... The report insists the development of non magnetic motors, due to the rise in prices for rare earths in the magnets such as dysprosium, neodymium and terbium... According to the report, three new approaches have been developed and the suppliers now have or are preparing to deploy one such version of which two are synchronous motors and one is asynchronous... The switched reluctance motor, currently being deployed, is a type of synchronous motor with no magnets, which is claimed to reduce cost, increase reliability and facilitate operations in hazardous environments...

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