The Growing Influence of Circular Economy in the Automotive Industry

Presenter:
Joe Praveen Vijayakumar, Research Manager, Mobility

Abstract:
End-of-life vehicles (ELVs) generate 7-8 million tons of waste every year, contributing to environmental pollution.
In addition, the continuous dependence on virgin materials for manufacturing places an immense burden on the environment and makes the supply chain unsustainable. Furthermore, with governments worldwide increasingly passing stringent environmental regulations, automakers are looking at ways to reduce their carbon footprint. Adopting circular economy practices can help manufacturers reduce their carbon footprint, make their supply chain sustainable, and reduce costs.

Key Take-Aways:

• What is circular economy, and what are its benefits?
• What are the major circular economy themes in the automotive industry?
• How are the major players in the market adopting circular economy practices?
• What are some of the key trends within the automotive circular economy?
• What are some of the eco-friendly materials used in cars?

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