General Motors (GM) and LG Electronics have reached a $150 million settlement to end class action lawsuits about problems with the batteries in Chevrolet Bolt EVs. This is a big deal for people who own electric cars. Since 2020, the flaw has caused many recalls and broad safety concerns because it poses a fire risk. GM and LG say they did nothing wrong, but they have decided to give owners and lessees of affected vehicles up to $1,400 in cash to make up for it. This settlement shows how customer protection and safety are becoming more important in the changing EV market. Eligible people must file their claims through BoltEVBatterySettlement.com by February 24, 2025.
$150M Chevy Bolt Settlement
Contents
- 1 $150M Chevy Bolt Settlement
- 2 Chevy Bolt Battery Recall Update and GM’s Road to EV Profitability
- 3 $150M Chevy Bolt Settlement: Who Qualifies and What You’ll Receive
- 4 Submitting Your Claim for the Chevy Bolt EV Settlement
- 5 Don’t Miss These Key Dates
- 6 What This Settlement Means for Drivers and the Auto Industry
| Aspect | Details |
|---|---|
| Settlement Amount | $150 million |
| Eligible Vehicles | 2017–2022 Chevrolet Bolt EVs |
| Eligibility Criteria | Vehicles built and shipped to dealers on or before August 19, 2021 |
| Compensation | – $1,400 for vehicles with software remedy – $700 for vehicles eligible for battery replacement (includes former owners/lessees) |
| Claim Submission Deadline | February 24, 2025 |
| Final Approval Hearing | March 25, 2025 |
| Official Settlement Website | BoltEVBatterySettlement.com |
Chevy Bolt Battery Recall Update and GM’s Road to EV Profitability
The $150 million Chevy Bolt settlement marks a significant victory for affected vehicle owners, offering compensation for risks and loss of value caused by battery defects. As the electric vehicle (EV) market evolves, the case reinforces the critical importance of safety, transparency, and consumer protection. Eligible owners can file claims at BoltEVBatterySettlement.com before the February 24, 2025, deadline. Meanwhile, General Motors continues to push forward with its EV strategy, aiming to double its production capacity and achieve profitability by mid-2024, despite facing a slowdown in demand last year. The company saw a 36% quarter-over-quarter increase in U.S. Ultium EV battery deliveries in Q1. According to GM CFO Paul Jacobsen, production efficiencies at its Ohio and Tennessee facilities have slashed Cadillac Lyriq EV costs by $12,000. The Tennessee plant is expected to reach full capacity by the end of the year. With a revised target of 200,000–300,000 units in 2024, down from its earlier goal of 400,000, GM remains focused on reaching EV profitability in the second half of the year.
“This $150 mill“As a result, Bolt owners who received a battery replacement or who have installed the latest advanced diagnostic software may qualify for compensation,” the company said.
$150M Chevy Bolt Settlement: Who Qualifies and What You’ll Receive
Eligibility Rules for Chevy Bolt Settlement
To get a refund from the $150 million Chevy Bolt EV settlement, people must meet the following requirements:
- owned or rented a Chevrolet Bolt EV from 2017 to 2022
- On or before August 19, 2021, the car had to be made and given to a dealer.
- Both current and former owners or lessees can apply.
- If you sold or returned your leased car, you might still be able to get some money back, as long as the car could get a software update after the sale or lease finished.
Levels of Pay and Payment Information
The amount of money paid out depends on what was done to fix the battery problem:
- Condition: Payment in cash
- The vehicle got a software fix. $ 1,400
- The car could have had a new battery, but that wasn’t done before the sale or return.$700
- These payments are meant to make up for the fact that the battery defect caused the car to lose value when it was sold, have a shorter range, and raise safety issues.
What has GM done to fix the problem?
General Motors did some things to improve safety and fix the problem with the bad batteries:
- Additional model years and cars affected by recalls have been added.
- launched a high-tech method to check batteries for early signs of failure
- Software updates were released to briefly stop charging the battery and lower the risk of it overheating.
- Provided full battery repairs for cars that were the most likely to catch fire
- If you believe you’re eligible, you can file your claim by February 24, 2025, at the official settlement website: BoltEVBatterySettlement.com.
Extra Compensation Opportunities
Some Chevy Bolt EV owners may be entitled to extra compensation if they faced unusual hardships during the recall process. This includes:
- Long delays in receiving battery replacements
- Loss of vehicle use over an extended period
- Major inconvenience or disruption caused by recall-related issues
Submitting Your Claim for the Chevy Bolt EV Settlement
If you’re eligible for compensation under the Chevy Bolt EV battery settlement, here’s how you can successfully submit your claim:
Step 1: Prepare Your Documentation
Before you begin, make sure you have the following:
- Proof of ownership or lease (such as your vehicle’s registration, lease contract, or title)
- A valid government-issued photo ID
- Any relevant service or recall documentation, if available
Step 2: Fill Out the Claim Form
Go to the official website BoltEVBatterySettlement.com, and complete the claim form online. If preferred, you can also request and submit a paper form via mail.
Step 3: Meet the Deadlines
- Submit your claim no later than February 24, 2025
- To object to or opt out of the settlement, you must act by January 24, 2025
- The final court approval hearing is scheduled for March 25, 2025
Don’t Miss These Key Dates
If you’re planning to file a claim or take action in the Chevy Bolt EV battery settlement, here are the important deadlines you need to know:
- January 24, 2025 – Last day to file an objection to the settlement
- February 24, 2025 – Deadline to opt out (exclude yourself) from the settlement
- February 24, 2025 – Final date to submit your compensation claim
- March 25, 2025 – Final court hearing for settlement approval
What This Settlement Means for Drivers and the Auto Industry
This settlement isn’t just about payouts—it’s a big moment for both electric vehicle owners and the auto world. For Chevy Bolt EV drivers, it brings some long-overdue relief. Whether it’s compensation for dealing with battery fire risks, reduced resale value, or just the hassle of recalls, this agreement acknowledges what owners went through and gives them something back.
For the auto industry, it’s a wake-up call. As more manufacturers move toward electric, this case shows just how crucial it is to get battery safety right from the start. It sets a new standard—one where customers expect transparency, accountability, and better safeguards.
Looking ahead, GM has said it’s stepping up its battery safety measures for future EVs. That’s good news for everyone, because as electric vehicles become more common, trust and safety need to lead the charge.
Frequently Asked Questions
What is the Chevy Bolt EV Battery Settlement About?
Owners and lessees of 2017–2022 Chevrolet Bolt EVs (manufactured and delivered before August 19, 2021) may qualify for cash payments between $700 and $1,400 as part of a $150 million settlement related to battery defects. To be eligible, claims must be submitted by February 24, 2025, through BoltEVBatterySettlement.com.
What Does the Settlement Mean for Owners, and Where Is GM Heading With EV Production?
The settlement offers financial compensation to Bolt EV drivers affected by faulty batteries, addressing safety concerns and decreased resale value. While managing this legal resolution, General Motors is continuing to grow its electric vehicle operations. Despite market slowdowns, GM has adjusted its 2024 EV production goal to 200,000–300,000 units and reported a 36% increase in Ultium battery shipments in Q1. Cost reductions, especially a $12,000 drop in Cadillac Lyriq production costs, were achieved through enhanced efficiency at factories in Ohio and Tennessee. GM remains focused on reaching EV profitability by late 2024.
How Do I File a Claim for the Chevy Bolt Settlement?
To file, gather key documents such as proof of vehicle ownership or lease, a valid photo ID, and any service or recall records if available. Then, complete the claim form online at BoltEVBatterySettlement.com or request a paper form by mail. The deadline to file a claim is February 24, 2025. To object to or opt out of the settlement, you must act by January 24, 2025. A final court approval hearing is scheduled for March 25, 2025.
What Is the Broader Impact of the Settlement on EV Owners and the Industry?
For consumers, the settlement provides reimbursement for the safety hazards and financial impact caused by the battery issues. For automakers, it reinforces the urgency of strong battery quality standards as EV adoption increases. GM has pledged to upgrade battery safety systems in future electric models, aiming to regain customer trust and prevent similar problems.