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.

This bill establishes the "Electric Vehicle Battery Repurposing Fund" in New Jersey's General Fund, funded by $500 for every electric vehicle sold in the state during the prior fiscal year. The fund will support repurposing, remanufacturing, and recycling of electric vehicle batteries - such as using used batteries for stationary energy storage - through environmentally safe processes. It directly affects entities handling battery lifecycle management, including companies and programs focused on second-life battery applications. The policy aims to prevent toxic materials like lithium and cobalt from contaminating landfills while extending battery utility.