This article doesn’t explain anything innovative. There are plenty of motors around, using “wireless induction” (as opposed to some other kind of induction?), operating at very high efficiency.

> The two companies aim to cut overall carbon footprint by more than 40% as compared to a permanent-magnet e-motor with equivalent power.

Modern motors, with or without magnets, are efficient enough that saving 40% of emissions isn’t going to happen. (Or maybe they mean sometime strange by “overall carbon”).