New Jersey S241 establishes the "Electric Vehicle Battery Repurposing Fund" to support repurposing, remanufacturing, and recycling of electric.
New Jersey S241 creates the "Electric Vehicle Battery Repurposing Fund" in the General Fund, funded by $500 for each retail sale of an electric vehicle in the state. The fund will support repurposing, remanufacturing, and recycling of electric vehicle batteries in an environmentally sound manner. This initiative aims to prevent contamination from toxic chemicals in used batteries and to extend the life of electric vehicle batteries through second-life applications.
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