Edward Conard

Top Ten New York Times Bestselling Author

  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
Upside of Inequality Oxford Unintended Consequences

AI Summary. Nissan and its parts suppliers have developed electric-vehicle motor technology that cuts the rare-earth minerals used in the motor of its new Leaf by more than 90% versus the first-generation model, reducing reliance on minerals mainly produced by China. The reduction targeted heavy rare earths such as dysprosium and terbium, which improve heat resistance.

Shuhei Ochiai and Yoshika Kaku Nikkei Asia
Date Posted:

Nissan was able to reduce the intensity of rare earths in the new LeafEV motor by more than 90% relative to the first-generation Leaf released in 2010.

Can carmakers cut rare earth use in EV motors sharply?

Core argument: Nissan has cut the rare earths used in the motor of its new Leaf EV by more than 90% compared with the first-generation Leaf released in 2010, with the reduction concentrated in heavy rare earths.

Nissan Motor and parts makers have developed technology for electric vehicle motors that significantly cuts the Japanese carmaker's reliance on rare-earth minerals that are mainly produced by China. The technology has allowed Nissan to reduce rare earths used in the motor of its new Leaf EV by more than 90% compared with the first-generation Leaf released in 2010. Specifically, the use of heavy rare earths was lowered. EV motors use dysprosium and terbium to enhance heat resistance.

Takeaways by Macro Roundup® AI

  1. Nissan has cut the rare earths used in the motor of its new Leaf EV by more than 90% compared with the first-generation Leaf released in 2010, with the reduction concentrated in heavy rare earths.
  2. Nissan Motor and parts makers developed EV motor technology that significantly reduces the carmaker's reliance on rare-earth minerals that are mainly produced by China.
  3. EV motors use dysprosium and terbium to enhance heat resistance.

Related Articles:

  • How to Fight an Economic War — China earned about $3.4bn from exporting rare-earth elements and magnets in a year, while the U.S. Geological Survey estimates a 30% disruption to U.S. supply of the rare-earth element neodymium alone would cut U.S. GDP by 2.2%, over $600bn. This asymmetry gives Chinese export controls their leverage.
  • China Slams Dozens of Japanese Companies With Export Curbs — China froze exports of "dual-use" materials with both civilian and military applications, including rare earth magnets, to 20 Japanese companies and placed 20 more on a new watch list. The move deepens a dispute with Tokyo and shows Beijing using its dominance in critical supply chains to exert diplomatic pressure.
  • New Rare-Earth Supply Falls Short of Rising Global Demand From EVs and Defense, BI Says — Demand for key rare earth elements is projected to grow about 7% annually through 2030, driven by electric-vehicle motors, consumer electronics and military uses. Output from non-Chinese producers is projected to more than quadruple with government funding support, and China's dominance of the industry is projected to slip by 2030.
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