Environmental and Economic Benefits Induced by a Remanufactured Portable Power Station

Soo Jin Yang, Yong Woo Hwang, Young Woon Kim, Mi Sook Park, Jun Hee Nam and Hong Yoon Kang ()
Additional contact information
Soo Jin Yang: Program in Circular Economy Environmental System, Inha University, 100, Inha-ro, Michuhol-gu, Incheon 22212, Republic of Korea
Yong Woo Hwang: Department of Environmental Engineering, Inha University, 100, Inha-ro, Michuhol-gu, Incheon 22212, Republic of Korea
Young Woon Kim: Program in Circular Economy Environmental System, Inha University, 100, Inha-ro, Michuhol-gu, Incheon 22212, Republic of Korea
Mi Sook Park: Program in Circular Economy Environmental System, Inha University, 100, Inha-ro, Michuhol-gu, Incheon 22212, Republic of Korea
Jun Hee Nam: GOODBYECAR Corp., 77-24, Samil-ro, Gwangjeok-myeon, Yangju-si 11414, Republic of Korea
Hong Yoon Kang: Program in Circular Economy Environmental System, Inha University, 100, Inha-ro, Michuhol-gu, Incheon 22212, Republic of Korea

Energies, 2024, vol. 17, issue 4, 1-17

Abstract: The recent announcement by the European Union of the Fit for 55 Package and a prospective ban on the sale of new internal combustion engine vehicles by 2035 has prompted a notable surge in the electric vehicle (EV) market. The shift toward EVs concurrently presents challenges, namely the resource management of used EV batteries, particularly their reuse, recycling, and remanufacturing. Accordingly, this study aims to analyze the effects of the reduced environmental impacts of a remanufactured portable power station (RPPS) compared with those of a new portable power station (NPPS) using life cycle assessment (LCA) and the economic benefits gained from reusing used EV batteries. The results of the LCA of the RPPS indicated a notable environmental advantage, with reductions of 42.01% in GWP and 41.91% in ADP compared with those achieved by the NPPS. Moreover, the economic benefits of the waste battery remanufacturing business amounted to USD 593,212 at an annual sales volume of 1000 units. The environmental benefits of remanufacturing practices represent valuable support for policies centered on remanufacturing and reusing used EV batteries. The findings of this study could stimulate a future market for products repurposed from used EV batteries, thereby further fostering sustainability in this sector.

Keywords: portable power station; electric vehicle battery; remanufacturing; life cycle assessment; environmental and economic benefits (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/17/4/793/pdf (application/pdf)
https://www.mdpi.com/1996-1073/17/4/793/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:17:y:2024:i:4:p:793-:d:1334845

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().