accentureAutomobile industryresearch report

New road map of automobile circular economy From aspiring

The following is the New road map of automobile circular economy From aspiring recommended by recordtrend.com. And this article belongs to the classification: accenture , Automobile industry, research report.

According to a report by Accenture, the world economic forum and the world enterprise sustainable development committee, adopting the practice of circular economy and accelerating the electrification of the automobile industry before 2030 is likely to reduce carbon emissions per mile by 75% and the consumption of non circular resources by 80%.

The report, ambitious: a new road map for the automotive circular economy, is based on an analysis by Accenture. According to the report, global travel demand is expected to grow by 70% by 2030, including passenger mileage and projected vehicle stock. The automobile industry can achieve recycling by meeting the energy, water, waste, materials, vehicle service life and use, so as to prepare for meeting this demand. At the same time, global warming can be limited below 1.5 ° C by decarbonization.

Cycle vehicles will become a key component to meet the growing demand, while reducing resource consumption and carbon emissions to a truly sustainable level. According to the report, there are four key ways to achieve the recycling of automobile ecosystem

Achieve net zero carbon emissions throughout the vehicle life cycle (e.g., low carbon materials and assemblies, integration with the energy grid).

Achieve resource recovery and closed material cycle (e.g. scrap dismantling and reverse logistics, electric vehicle battery recovery).

Extend the life of the vehicle and its components (e.g., subscription based ownership, reuse, and mass remanufacturing).

Ensure efficient use of vehicles (e.g. on demand vehicles / mobility) over time and with increased occupancy.

If the automobile industry is to achieve the forecast of net zero carbon emission road transportation demand growth of 2.5 times in 2050, then the automobile industry and transportation industry will have to undergo profound changes. The circular car initiative will help to find cooperative ways to accelerate this transformation.

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