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Driving Ambitions: The Business Case for Circular Economy in the Car Industry

Published: 18 May 2022
Type: Publication

The circular economy approach enables automotive companies to increase revenues per vehicle by 15-20 times the sales price and significantly improve profitability by maximizing lifetime performance.

This report puts forward the business case for a circular economy in the automotive industry. Circularity requires co-innovation, partnership and data transparency among automotive companies to align on a shared vision of industry-wide circularity and unlock new value pools. The report lays out key components of the circular economy, providing a direct roadmap for strategic transformation and detailing in-depth research on the business potential of a fully circular value chain.

The report was developed by the Circular Cars Initiative – a partnership formed by WBCSD and the World Economic Forum – in collaboration with Accenture.

View the publication.

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