Indian scientists have created a rare Earth-free magnet that could reduce the cost of electric vehicles.
Coercivity is the resistance of demagnetisation of magnets. Indian Researchers have managed to enhance Coercivity. A pilot plant is being set up for manufacturing. 90% of EV's use a brushless motor which is made up of rare earth magnets. The Ns-Fe-B magnets are the most preferred magnetic material for the EV car industry.