A circular economy framework for end of life vehicle management in india

Abstract

It is projected that the global population could exceed 9.7 billion newlineindividuals by the year 2050. To provide all of the natural resources needed by newlinemankind, nearly three planets would be needed. We are currently dealing with newlinethree big global crises: the loss of biodiversity, severe environmental pollution, newlineand climate change. The Indian economy is projected to contribute 15% to newlineworld growth in 2023. The number of middle-class individuals with increased newlinepurchasing power will expand in the future, which will cause a significant newlineincrease in automobile ownership. By 2019, there were 295.8 million registered newlineautomobiles, up from 58.9 million in 2002. In 2015, the Indian automobile newlinesector consumed a total of 14.1 million metric tons of materials. Projections newlineindicate that this figure is anticipated to significantly increase to 102.1 million newlinemetric tons by the year 2030. In 2015, there were 8.7 million end-of-life newlinevehicles (ELVs); by 2025, that number might rise to 21.8 million. The increase newlinein ELVs offers an opportunity for the emergence of a successful ELV recycling newlineindustry. This reduces environmental pressure (lower natural resource newlineextraction) in addition to utilizing spare parts recovered from ELVs valued at newline49,60,000 crores. newlineThe PESTEL study methodology is used to evaluate the circular newlineeconomy s application to the management of ELVs. The best CE practices were newlineexamined in the sustainability reports of top automakers such as Nissan, newlineToyota, and Volkswagen. This study investigates the latest techniques utilized newlinein the recycling of ELVs and the remanufacturing of their components in newlinedifferent nations, such as China, Japan, and the European Union. In India, newlinehowever, neither research nor actual remanufacturing of automobile parts newlinerecovered from ELVs are given considerable attention. newline