According to Interesting Engineering, the new system has a high energy density, which could allow for a reduction of the overall weight of the EV, increasing the range as a result.

Compared to traditional electric motors found in traditional electric cars, the new system is smaller and is able to rotate at much higher speeds, while using about 70% less rare earth elements for manufacturing.

The scientists managed to develop the new electric motor design with the help of an AI-assisted optimization program.

Guoyu Chu, a post-doctoral researcher who worked on the project, stated that "for an electric vehicle motor, we would actually reduce the speed somewhat, but that also increases its power."

"We can scale and optimize to provide power and speed in a given range – for example, a 200kW motor with a maximum speed of around 18,000 rpm that perfectly suits EV applications", he added.

This type of electric motor can be used in other applications as well, battery-powered transport alternatives, such as ventilation, heating and air-conditioning units.

Researchers also claim that this solution can be easily commercialized, which means that many companies can take advantage of the more power-efficient system.

"If an electric vehicle manufacturer, like Tesla, wanted to use this motor, then I believe it would only take around six to 12 months to modify it based on their specifications", Chu concluded.