Scout Motors Looks To Cut Its Rare Earth Reliance

As the rare earth mineral squeeze tightens across the industry, Volkswagen-backed startup Scout Motors is adapting. CEO Scott Keogh recently told Bloomberg TV that the company is investigating alternative materials to lessen its dependence on constrained supply chains.

Reducing reliance on rare earths could give Scout a strategic edge as competitors scramble for the same scarce resources. The proactive approach suggests the young automaker is keenly aware of the vulnerabilities that come with building modern, technology-laden vehicles.