Establishes "Electric Vehicle Battery Repurposing Fund" to support repurposing, remanufacturing, and recycling of electric vehicle batteries; dedicates amounts based on certain sales of electric vehicles.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates the "Electric Vehicle Battery Repurposing Fund" to support the reuse, refurbishment, and recycling of electric vehicle batteries in New Jersey. The fund will be funded by $500 for each retail sale of an electric vehicle made in the state during the previous fiscal year. This aims to reduce environmental impact by preventing hazardous battery chemicals from entering landfills and promoting sustainable battery management practices.
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