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 New Jersey's "Electric Vehicle Battery Repurposing Fund" to support the environmentally safe reuse of used EV batteries. It requires $500 from the General Fund for every electric vehicle sold in the state each year to fund repurposing (like adapting batteries for home energy storage), remanufacturing (restoring batteries to like-new condition), and recycling. The fund directly affects electric vehicle owners through the sales-based funding mechanism, as it draws revenue from each new EV purchase. The law aims to prevent toxic battery materials - such as lithium and cobalt - from contaminating landfills as EVs become more common in New Jersey.