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Insurance Costs for Battery Recycling Sector Soars by 200 Percent: Peak Body

Fires caused by incorrect battery disposal was behind the insurance premium hike.
Insurance Costs for Battery Recycling Sector Soars by 200 Percent: Peak Body
Used batteries are seen at the Lithion battery recycling plant in Montreal, Canada, on Jan. 17, 2023. Mathiew Leiser/AFP via Getty Images
Alfred Bui
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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.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].