Electric car traction motor: demand forecast for neodymium used in the EU 2015-2030

This statistic shows the current and projected demand scenario for neodymium used for electric traction motors in the European Union (EU), broken down by vehicle type. Overall demand for the rare earth element was expected to increase by 954 percent between 2015 and 2030, with plug-in hybrid electric vehicles making up the largest share.
Demand forecasts for praseodymium and dysprosium were expected to follow similar trends.

Forecasted demand for neodymium used for electric vehicle traction motors in the European Union (EU) in 2015 and 2030, by vehicle type

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Sources

Release date

November 2018

Region

EU

Survey time period

2017

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