Circular Economy Applied to the Automotive Industry

Stefan-Alexandru Catana (), Sorin-George Toma () and Catalin Gradinaru ()
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Stefan-Alexandru Catana: University of Bucharest, Faculty of Business and Administration, Romania
Sorin-George Toma: University of Bucharest, Faculty of Business and Administration, Romania
Catalin Gradinaru: University of Bucharest, Faculty of Business and Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 1, 516-520

Abstract: The subject of the circular economy is an essential societal topic in nowadays society. In the last years, in the automotive industry, the evolution of regulatory and economic circumstances has led to the development of networks to reuse, refurbish, remanufacture, recycle and recover components, elements, equipment, and materials embedded in end-of-life vehicles. The paper aims to briefly present and better understand the concept of the circular economy within the automotive industry. The methodological approach was based on a qualitative research method. The paper shows that despite the main barriers to reuse, recycling, and recovery performance improvement are economic and technical, in the automotive industry, the circular economy was based on the idea that, on one hand, over the world, the natural resources are limited and, on the other hand, it is important to augment the functioning of the ecosystem and, consequently, the human well-being.

Keywords: circular economy; automotive industry; company (search for similar items in EconPapers)
JEL-codes: A12 A13 L62 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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