WE CLAIM:
1. An electric machine, comprising: a stator;
a rotor disposed adjacent to the stator and comprising: a rotor core;
a plurality of permanent magnets disposed in contact with the rotor core; and
one or more electrically conductive coils disposed at least partially within the rotor core; and
a power source electrically coupled to the one or more electrically conductive coils to supply electrical excitation to the one or more electrically conductive coils to modulate torque exerted on the rotor.
2. The electric machine as claimed in claim 1, wherein the rotor core comprises a plurality of slots on a surface of the rotor core, wherein the plurality of permanent magnets is disposed in the plurality of slots on a surface of the rotor core such that at least one surface of the each of the plurality of permanent magnets is exposed to the stator.
3. The electric machine as claimed in claim 1, wherein the rotor core comprises a plurality of slots within the rotor core, wherein the plurality of permanent magnets is disposed in the plurality of slots within the rotor core.
4. The electric machine as claimed in claim 1, wherein the one or more electrically conductive coils are disposed surrounding respective permanent magnets of the plurality of permanent magnets.
5. The electric machine as claimed in claim 1, wherein the one or more electrically conductive coils are disposed between adjacent permanent magnets of the plurality of permanent magnets.

6. The electric machine as claimed in claim 1, wherein the stator
comprises:
a stator core comprising a plurality of stator poles; and a stator winding disposed in slots between adjacent stator poles of the plurality of stator poles.
7. The electric machine as claimed in claim 6, wherein the power source comprises a power converter coupled between the stator winding and the one or more electrically conductive coils.
8. The electric machine as claimed in claim 7, wherein the power converter comprises an AC to direct current (DC) converter.
9. The electric machine as claimed in claim 7, wherein the power converter comprises at least one of a battery and a DC to DC converter.
10. The electric machine as claimed in claim 1, wherein the rotor is disposed within the stator.
11. The electric machine as claimed in claim 1, wherein the stator is disposed within the rotor.
12. The electric machine as claimed in claim 1, wherein the rotor core comprises a plurality of laminates.
13. An electric machine, comprising:
a stator; and
a rotor disposed adjacent to the stator and comprising:
a rotor core;
a plurality of permanent magnets disposed in contact with the rotor core; and

one or more electrically conductive coils disposed at least partially within the rotor core to modulate torque exerted on the rotor.
14. The electric machine as claimed in claim 13, wherein the one or more electrically conductive coils are disposed surrounding the plurality of permanent magnets.
15. The electric machine as claimed in claim 13, further comprising a power source electrically coupled to the one or more electrically conductive coils to supply electrical excitation to the one or more electrically conductive coils to modulate torque exerted on the rotor.
16. The electric machine as claimed in claim 15, wherein the power source comprises an AC to direct current (DC) converter, a battery, a DC to DC converter, or combinations thereof.
17. An electric motor, comprising:
a stator comprising a plurality of windings configured to be excited by an alternating current;
a rotor disposed adjacent to the stator and comprising: a rotor core;
a plurality of permanent magnets disposed in contact with the rotor core; and
one or more electrically conductive coils disposed at partially within the rotor core; and
an alternating current (AC) to direct current (DC) converter electrically coupled between the one or more electrically conductive coils and the plurality of windings to generate a DC current from the AC current supplied to the plurality of windings and supply the DC current to the one or more electrically conductive coils to modulate torque exerted on the rotor.

18. The electric motor as claimed in claim 17, wherein the stator comprises a stator core comprising a plurality of stator poles, and wherein the plurality of windings is disposed in slots between adjacent stator poles of the plurality of stator poles.
19. The electric motor as claimed in claim 17, wherein the one or more electrically conductive coils are disposed between adjacent permanent magnets of the plurality of permanent magnets.
20. The electric motor as claimed in claim 17, wherein the one or more electrically conductive coils are disposed surrounding respective permanent magnets of the plurality of permanent magnets.