Sustainability is now at the forefront of modern business practices. The Electric Vehicle (EV) industry too is moving in the same direction and actively embracing the principles of a circular economy. A circular economy aims to minimize waste and promote the continual use of resources by designing products with longevity in mind and encouraging the use of recyclable materials. In the context of the EV industry, this approach translates into designing vehicles and components that can be easily disassembled and recycled. For the same, a sustainable approach is being promoted, where materials are smartly reused at the end of their life cycle. As EV adoption continues to grow in the country, the circular economy model would ensure that resources are being utilized to their utmost capacity, ultimately benefiting all – the environment, the economy and the society.
EV manufacturers in the country are now implementing advanced lifecycle management practices that …