New Jersey Assembly Bill A4410

New Jersey 2022-2023 Regular Session

• Introduced: 6/29/22
• Refer: 6/29/22

Caption

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.

Impact

The establishment of the Electric Vehicle Battery Repurposing Fund will have significant implications for state laws governing environmental protection and waste management. By creating a dedicated fund, the bill emphasizes the state's commitment to addressing the lifecycle of electric vehicle batteries, which contain hazardous materials. This initiative is likely to encourage businesses and municipalities to engage in environmentally sound practices related to battery disposal and recycling, aligning with the state's broader sustainability goals.

Summary

Assembly Bill A4410 aims to establish an 'Electric Vehicle Battery Repurposing Fund' in New Jersey, with the primary goal of supporting the repurposing, remanufacturing, and recycling of electric vehicle batteries. This fund is intended to be financed by crediting $500 for each retail sale of an electric vehicle made during the previous fiscal year. The bill recognizes the increasing prevalence of electric vehicles on New Jersey roads and addresses the future challenges surrounding the disposal and environmental consequences of their used batteries.

Contention

While the bill presents a proactive approach to battery lifecycle management, it may face scrutiny regarding implementation. Questions could arise concerning the effectiveness of financial incentives for retailers and whether the fund will adequately cover the costs associated with recycling and repurposing batteries. Additionally, stakeholders may raise concerns about the adequacy of the proposed regulations and oversight mechanisms to ensure the fund supports genuinely environmentally-friendly practices.