Eco-Innovation in the automotive industry: how Circular Economy is driving sustainability
Summary
It is a sustainable approach to economic growth that aims to reduce waste and pollution, conserve natural resources, and create jobs. A study by McKinsey shows the number of people using car sharing services has grown by more than 30% annually in the past five years in North America and Germany. In the closed-loop system, products and processes are designed to minimise waste and pollution and enable the recovery and reuse of materials. In conclusion, the Circular Economy is an economic system that aims to reduce waste and pollution, conserve natural resources, and create jobs. From product-as-a-service models to closed-loop systems and collaborations, Circular Economy offers a range of opportunities for the automotive industry to reduce its environmental impact and create a more sustainable future.
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