Japanese Professor Shows Rare Earth-Free Electric Car (Video)

Prices for rare earth elements have gone through the roof in recent years, with China basically monopolizing the market for these rare substances (the country currently produces a whopping 97 percent of all rare earths used globally). But in the field of electric vehicles, the dependence on rare earths could be a thing of the past soon: Professor Nobukazu Hoshi's Lab from the Tokyo University of Science has developed an electric car that doesn't require any kind of rare earths.

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