How We Contribute to the Circular Economy
Our Story
GTV started its journey in 2004, when a team of close family members and friends started purchasing and transporting defective vehicles directly from Europe’s largest used vehicle auction. Over the years, we have demonstrated that recycling and reusing car parts is not only beneficial but also a crucial step in protecting the environment.
Our Mission
To contribute to a sustainable environment by applying circular economy principles in the automotive sector. By recycling and giving a second life to car parts, we reduce waste, conserve natural resources, and lower CO2 emissions.
Reusing original parts prevents CO2 emissions that would otherwise be generated during the production of new parts or substitutes.
Today, our team consists of 150 employees, over 50% of whom have been with us for more than five years. Every year, we dismantle around 1,000 vehicles, returning about 85% of recycled parts to the market. This contributes to conserving natural resources and reducing CO2 emissions.
How Many Cars Do We Dismantle?
We calculated that the average weight of 10 consecutive cars dismantled by our team is 1600 kg per car.
After dismantling a 2-ton car, we return 1 to 1.3 tons of metal to the market for reuse, protecting the earth from pollution and promoting a sustainable economy.
Electric Vehicle Recycling Statistics
The materials that can be recovered for reuse:
Tesla Model 3: Total weight ~2,200 kg, battery weight ~500 kg (20% of total weight).
BMW i3: Total weight ~1,200 kg, battery weight ~250 kg (20% of total weight).
236,512
Tons of CO2
Reduced
Annually
in Lithuania
Automotive Industry and Pollution
CO2 emission reduction in Lithuania
The automotive industry is one of the largest contributors to global pollution. It is critical to use as many recycled car parts as possible in vehicle repairs to promote the circular economy. By returning recycled parts to the market, GTV reduces CO2 emissions in Lithuania by an impressive 236,512 tons annually. By reusing metal and other parts, we contribute to reducing the greenhouse effect and preserving valuable natural resources.
Our Approach
Environmental Protection
We aim to minimize environmental impact through recycling and reusing parts.
Sustainability
We create sustainable jobs and encourage the circular economy.
People-Oriented
We focus on long-term relationships with clients, employees, and partners.
Our Process: How It Works
PURCHASING
We acquire defective vehicles and parts from suppliers worldwide.
DISMANTLING
We dismantle 4+ cars daily, carefully testing and selecting quality parts.
SELLING
We sell these parts in physical stores and through e-commerce channels.
RECYCLING
Parts unsuitable for reuse are passed on for recycling or disposal.
Automotive Industry’s Impact on Resources
World's rubber
Global aluminum
World's steel markets
Impact of Circular Economy
By adopting circular economy principles, light vehicle CO2 emissions could decrease by 70% (about 0.4 billion tons) by 2050, according to estimates by EthicalCorp.com.
Reusing parts significantly reduces CO2 emissions:
- Electric vehicles:
6.420 kg CO2 less per vehicle. - Gasoline vehicles:
1.828 kg CO2 less per vehicle. - Diesel vehicles:
1.880 kg CO2 less per vehicle.
The Benefits of Recycling
Recycled Materials in Cars
BMW: 15% of plastic parts are made from recycled materials.
Audi: 89% of textile upholstery is from recycled plastic.
Ford: Since 2020, at least 20% recycled plastic is used in every car.
Honda: Annually uses 2,800 tons of recycled textiles.
Nissan: Since 2022, 30% of car mass is from recycled materials.
Chevrolet: Uses recycled tires, PET bottles, carpets, and denim.
Economic Benefits
Reusing parts benefits both the environment and the economy.
Savings for buyers through used parts:
Gasoline cars: 10.814 €
Diesel cars: 14.634 €
Hybrid cars: 17.428 €
Electric cars: 8.403 €
Revenue for end-of-life vehicle processors per vehicle:
Gasoline: 1.752 €
Diesel: 1.997 €
Hybrid: 3.470 €
Electric: 5.518 €
Total Benefits in Lithuania:
Savings for buyers: 1,64 bn €
Revenue for processors: 0,24 bn €
