Toyota is working on a new kind of electric motor – not because of their love for the environment, but because of their bottomline. The Japanese motoring giant has started work on this because they no longer want to be too reliant on China who produces 97% of the global output of rare earths that are required for many high-tech products, which are actually required to build the current generation of hybrid gasoline-electric motors. Recently, Beijing blocked exports of the exotic metals to Japan after a diplomatic spat, making it really expensive as China gradually tightens its output. We do wish Toyota all the best, and perhaps with this move, Toyota might come up with a greener alternative, hence doing away with mining practices that tend to scar the earth a whole lot more than the benefits offered from such precious metals.
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