Implications of circular production and consumption of electric vehicle batteries on resource sustainability: A system dynamics perspective
Ravindra Ojha () and
Alpana Agarwal ()
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Ravindra Ojha: Great Lakes Institute of Management Gurgaon
Alpana Agarwal: Symbiosis International (Deemed University)
Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 6, No 90, 15905-15929
Abstract:
Abstract The world is witnessing the fast replacement of fossil-fuelled vehicles by environment-friendly electric vehicles (EVs). This unprecedented growth of EVs is expected to burden the material resource consumption of batteries constituting metals from the earth. However, circular economy in the electric vehicle battery (EVB) ecosystem can provide a sustainable solution to resource management. This has triggered the need to understand and analyse the EVB ecosystem players. Long-term analyses of behaviours of the different variables under dynamic and complex systems are best carried out by the application of system dynamics (SD)—a continuous simulation methodology. This research paper has contributed in developing an interactive SD-based model for the circular production and consumption flow of EVBs to analyse the behavioural dynamics of the different variables involved. Five scenarios have been simulated for the analyses. The behaviour trends of the variables obtained from the SD-based simulation model have provided useful insights and five recommendations for resource sustainability. The recommendations are: the necessity for adopting Industry-4.0 in EVB manufacturing, awareness creation of circular thinking amongst all stakeholders, enhanced end-of-life (EOL) period of EVB, compelling need for high EVB recollection efficiency after EOL, and improvement in the reprocessing technology of EOL batteries.
Keywords: Circular economy; Industry-4.0; Natural resource; Sustainability; System dynamics (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10668-023-03279-w
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