The Potential and Trend of End-Of-Life Passenger Vehicles Recycling in China

Yang Li, Kiyoshi Fujikawa, Junbo Wang, Xin Li, Yiyi Ju and Chenyi Chen
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Yang Li: School of Business Administration, Zhongnan University of Economics and Law, Wuhan 430073, China
Kiyoshi Fujikawa: Applied Social System Institute of Asia, Nagoya University, Nagoya 4648601, Japan
Xin Li: College of Management Science, Chengdu University of Technology, Chengdu 610051, China
Yiyi Ju: Institute for Future Initiatives, The University of Tokyo, Tokyo 1130003, Japan
Chenyi Chen: School of Business Administration, Zhongnan University of Economics and Law, Wuhan 430073, China

Sustainability, 2020, vol. 12, issue 4, 1-13

Abstract: The contradiction between limited resources and rapid development in the automobile industry has been driving society to seek the supply of recyclable resources from End-of-Life Vehicles (ELVs). It has become an urgent need for vehicle recycling policymakers to have an overall understanding of the end-of-life (EoL) vehicle population, as well as for vehicle producers to note what and how they can benefit from ELV recycling. This paper estimated the potential population of EoL passenger vehicles, all recyclable resources from them, as well as the economic values of these recyclable resources. The results show that in 2030, with a lighter-weight trend of passenger vehicles, more than 26.3 million passenger vehicles will be retired with 19.1 million tons of recyclable steel and 6.2 million tons of plastics. The theoretical economic value of all recyclable resources will reach 101.3 billion yuan ($14.4 billion) in 2030, which is an average of approximately 2.4 thousand yuan ($341.8) for each EoL passenger vehicle. It is time for the vehicle producers to shift to a manufacturing mode considering such large potential of ELV recycling. The scenario analysis suggests that in the context of a light-weighting trend, ELV resource recovery in the future calls for improvement in the recycling and reuse technologies of plastics and rubbers.

Keywords: End-of-Life passenger vehicles; recyclable resources; urban mining; scenario analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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