So far, I have mentioned several times that I've recently been into the next generation vehicle(As mentioned before, recently, I have taken an interest in the next generation vehicle). The electric vehicle is one of the more/most dominant candidates of them at this moment even though they still have some problems(limitations) such as a super expensive price-tag and a short driving range. I found an online article about a drive motor for EVs. The article said that General Motors (GM) in the U.S. and Stellantis in Europe invested in a startup "Niron Megnetics (NM)" in the U.S, which has been developing a permanent magnet without a rare earth, through Cooperate Venture Capital (CVC). Permanent magnetic synchronous motor is the main stream in motor for EVs and generally uses Neodymium (Nd) for a rotor. It is said that the heavy rare earth elements like Dysprosium (Dy) needs to be added to keep(retain) magnetic power of The Nd magnet and that the Nd magnet is very expensive. On the other hand, NM has been developing the magnet "Clean Earth Magnet" that does not use rare earth. It is composed of iron nitride which exists in abundance in the earth. That's why it is more eco-friendly and cost-friendly compared to magnets which use rare earth like the Nd magnets. It also has a stable temperature feature. Actually, I'm afraid that I didn't spell some names of heavy rare earth and light rare earth elements very well and I googled them. Anyway, I expect that we will use affordable motors for EVs in the future.