Insurance Costs for Battery Recycling Soar by 200 Percent: Peak Body

Published on July 26, 2024

A peak industry body has revealed that insurance costs are a significant challenge for battery recycling businesses in Australia. During an inquiry hearing on the EV (electric vehicle) transition on July 25, Association for the Battery Recycling Industry CEO Katharine Hole said insurance premiums for the sector had soared by 100-200 percent in the past 12 months. While the CEO acknowledged that recycling lithium batteries was a dangerous business, she said a major reason for the insurance premium hike was the incorrect disposal of batteries and the fires that it was causing. “How do you manage those batteries at the end of life? Where can they go because there’s not always solutions for drop-off that are convenient or easy for households,” she said....

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