Permanent magnet synchronous machines (PMSMs) are the preferred choice for electric vehicles (EVs), hybrid EVs, and wind turbines because of their high torque density, efficiency, and wide constant-power speed range. Conventional PMSMs rely heavily on rare-earth (RE) permanent magnets like Nd-Fe-B, which offers
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Permanent magnet synchronous machines (PMSMs) are the preferred choice for electric vehicles (EVs), hybrid EVs, and wind turbines because of their high torque density, efficiency, and wide constant-power speed range. Conventional PMSMs rely heavily on rare-earth (RE) permanent magnets like Nd-Fe-B, which offers high remanence and coercivity but comes with high costs, supply chain issues, and environmental concerns. To address these challenges, this paper explores the potential of tetragonal Fe
2Ni
2N, a newly developed RE-free permanent magnet, as a replacement for commercial Nd-Fe-B (N35) in high-performance PMSMs. Fe
2Ni
2N shows a remanent flux density of 1.2 T and coercivity of 0.957 MA/m, closely matching those of commercial N35 magnets. Finite element analysis (FEA) in Ansys Maxwell was performed on both surface-mounted (SPM) and interior-mounted (IPM) PMSMs under EV-representative operating conditions. Results demonstrate that Fe
2Ni
2N-based machines have similar demagnetization resistance, torque, and efficiency to those with N35 magnets, with slight performance advantages at low speeds and nearly identical performance at high speeds. Furthermore, system-level parameters such as DC bus voltage and stator current were analyzed, showing that increased voltage extends the constant torque region while higher current enhances torque output but can slightly reduce efficiency at elevated speeds. These findings confirm that Fe
2Ni
2N is a promising RE-free alternative to Nd-Fe-B for sustainable, high-performance PMSMs. Results show that Fe
2Ni
2N-based machines have similar demagnetization resistance, torque, and efficiency to those with N35 magnets, with slight performance benefits at low speeds and nearly identical results at high speeds. Furthermore, system-level parameters, such as DC bus voltage and stator current, were analyzed. The results show that increased voltage extends the constant-torque region, while higher current enhances torque output but can slightly reduce efficiency at elevated speeds. These findings confirm that Fe
2Ni
2N is a promising RE-free alternative to Nd-Fe-B for sustainable, high-performance PMSMs.
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