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CA Magazines & Editorials
31 Jul 2026
Subject: GS Paper 3: Indian Economy
Context: A Bengaluru-based startup, Vimag Labs, has claimed to replace rare-earth permanent magnets in Electric Vehicle (EV) motors with “virtual magnets”.
| Parameter | Permanent Magnets | Virtual Magnets (Electromagnets) |
| Source of Magnetism | Rare-earth permanent magnets | Copper coils carrying electric current |
| Power Requirement | No electrical power required to sustain magnetism | Continuous electrical power required |
| Control | Fixed magnetic field | Software-controlled magnetic field |
| Energy Losses | Minimal | Copper, core and switching losses |
| Efficiency | Very High | Comparatively Lower |
| Cost Dependency | Depends on rare-earth minerals | Depends on copper and electronics |
Alternatives to Rare-Earth Permanent Magnets:
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