An electric motor including two magnetic assemblies each having an even number of magnets in a circular arrangement, the magnets arranged in a bucking configuration with like poles directed at each other. There are a plurality of ferrous members for each of the magnetic assemblies arranged between each of the magnets. The ferrous members having a face that is directed radially toward a face of another ferrous member of the corresponding magnetic assembly. An electromagnetic assembly has a plurality of electromagnetic members arranged in a generally circular arrangement and is located radially between the two magnetic assemblies. Each electromagnetic member has a ferrous element with an electrical conductor wound around the ferrous element, each ferrous element having an inward and outward face respectively being directed to the ferrous members of the two magnetic assemblies as they pass each other as the magnet assemblies rotate relative to the electromagnetic assembly.