End of Life Vehicle (ELV) Contribution to Circular Economy in Serbia
The circular economy represents a new, more sustainable economic approach that should replace the widely represented and used up linear model. In this paper, the authors show the opportunities to move towards a Circular Economy state in the automotive industry whereby the value embedded in ELVs components and materials is recaptured through reuse, recycling and recovery. Accent was given to the analysis of the situation in Serbia from the aspect of the circular economy in the ELV domain.
Keywords - Circular Economy, End of Life Vehicle (ELV), Recycling, Sustainable Development.