Circular Cars Initiative Update at the 2020 World Economic Forum in Davos
According to data from the Circular Cars Initiative, cars and other passenger vehicles are responsible for 90% of air pollution in large cities, and contain 1.4 tons of material on average. At the end of a vehicle’s life, little of this material is recovered and re-used. Currently, only 8 percent of automotive steel is recycled into new cars, which is quite low in an industry responsible for over 20% of the world’s CO2 emissions. However, technological advancements and environmental concerns are now driving a rapid transformation of individual mobility.
During a meeting at the 2020 WEF meeting in Davos, EIT Climate-KIC CEO Kirsten Dunlop spoke to global stakeholders from a variety of sectors in the automotive industry, including OEM, aftermarket, manufacturers, and recyclers, about the CIC program and the importance of circular economy strategies and more aggressive waste reduction targets in the automotive ecosystem. The initiative works towards transforming the industry through the lens of the circular economy and mobility-as-a-service. The companies partnering through CIC have three focus areas: Design for longevity through sharing and pooling concepts, improved materials management and advanced re-manufacturing.
Read more here: https://www.climate-kic.org/news/circular-cars-initiative-launched-wef-davos/