No substitute for EU rare earths policy

Metal Tech News - November 28, 2022

Last updated 12/6/2022 at 2:28pm

A white Volkswagen ID.4 EV travels past wind turbines on a European highway.

Mike Mareen - stock.adobe.com

The European Union has set a target of 30 million electric vehicles sold in its member states by 2030. Motors with rare earth magnets offer the longest range per battery size in EVs.

REIA urges EU to secure rare earth supplies to ensure adequate battery materials to meet 2030 EV targets.

Securing an adequate supply of magnet rare earths to help make the most out of the highly competitive lithium battery materials should be an essential element of the European Union's electric vehicle strategy, according to the Rare Earth Industry Association.

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