Bill > S241

Introduced Session

This bill establishes in the General Fund a dedicated account entitled the "Electric Vehicle Battery Repurposing Fund" that will be credited each State fiscal year with an amount equal to $500 for each retail sale of an electronic vehicle in this State during the prior fiscal year. The amounts credited to the fund shall be appropriated exclusively to support repurposing, remanufacturing, and recycling of electric vehicle batteries in an environmentally sound manner. There are approximately 100,000 electric vehicles on the road in New Jersey, and that number may increase dramatically in the near future. Eventually, the electric vehicle batteries in these vehicles will come to the end of their useful life for powering the electric motors in electric vehicles. However, reused or "second-life" electric vehicle batteries, especially lithium-ion batteries, still have a lot of energy storage capacity left in them, and may be reused in limited stationary applications such as for home energy projects, off the grid energy storage and to power street lighting. The reuse of electric vehicle batteries under environmentally safe conditions will prevent the contamination of landfills with the toxic chemicals such as lithium, cobalt, and graphite found in these used batteries. The "Electric Vehicle Battery Repurposing Fund" will support efforts to repurpose, remanufacture, and recycle electric vehicle batteries in an environmentally sound manner.

AI Summary

Committee Categories

Bob Smith (D)*,  Patrick Diegnan (D), 

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/09/2024)

Official Document