Problems related to non-biodegradable waste coming from vulcanized rubber represent one of the pre-eminent challenges for modern society. End-of-life tyres are an important source of this typology of waste and the increasingly high accumulation in the environment has contributed over the years to enhance land and water pollution. Moreover, the release into the environment of non-degradable micro-plastics and other chemicals as an effect of tyre abrasion is not negligible. Many solutions are currently applied to reuse end-of-life tyres as a raw material resource, such as pyrolysis, thermo-mechanical or chemical de-vulcanisation, and finally crumbing trough different technologies. An interesting approach to reduce the environmental impact of vulcanised rubber wastes is represented by the use of degradable thermoplastic elastomers (TPEs) in tyre compounds. In this thematic review, after a reviewing fossil fuel-based TPEs, an overview of the promising use of degradable TPEs in compound formulation for the tyre industry is presented. Specifically, after describing the properties of degradable elastomers that are favourable for tyres application in comparison to used ones, the real scenario and future perspectives related to the use of degradable polymers for new tyre compounds will be realized.