Eurogroup Consulting in collaboration with MBA in IM Students from ESCP Business School conducted a study on the “Circular economy in the automotive industry”.
In the face of rising regulatory constraints, resource constraints, and the growing consumer expectation for sustainability, the automotive sector is at a turning point. But the road to adopting circular economy (CE) models is challenging. Current CE practices struggle with scalability, economic feasibility, and the complexity of supply chains. So in our study we try to focus on diverse approaches related to innovation and adaptability.
This study explores short-medium- and long-term approaches to overcome barriers and discover the potential of circularity in the automotive industry. From the advent of petrol-powered cars in 1886 to the rise of electric vehicles today, the automotive landscape is constantly evolving. What changes are ahead for the industry? What steps can auto makers take to capitalize on innovation opportunities in this trending field?
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We explore in our study some key challenges such as:
• The regulation system, ressources sovereignty, supply chain, waste and emission;
• The CE value chain;
• The challenges to CE adoption in Automotive Electronics;
• The creation of economic value through different CE approaches.
Acting now is necessary due to the expected higher demand for sustainable EV vehicles in the 2030s.
This study will reveal methods that reduce waste, encourage material reuse, and ensure compliance with changing regulatory requirements. We take a close look at the dynamics of CE and the potential opportunity for automotive players, while also posing essential questions about the future automotive landscape. Discover how to turn emerging challenges into opportunities for innovation in the automotive industry
This study is part of our approaches at Eurogroup Consulting of leading positive transformation. We focus on responsible and sustainable performance every day, whether in our advice and support or in our work organization. Discover, by downloading our analysis, the essential points to understand how the evolving automotive industry can create opportunities.
