In a major development for electric vehicle owners, General Motors (GM) and LG Electronics have reached a $150 million settlement to resolve class action litigation related to battery defects in Chevrolet Bolt EVs. The defect, linked to fire risks, prompted multiple recalls and widespread safety concerns since 2020. While GM and LG deny any wrongdoing, they have agreed to compensate affected owners and lessees with cash payments of up to $1,400 per vehicle. This settlement highlights the growing emphasis on consumer protection and safety in the evolving EV market. Eligible claimants must file by February 24, 2025, through BoltEVBatterySettlement.com.
Chevy Bolt EV Battery Settlement
| Aspect | Description |
|---|---|
| Total Settlement Fund | $150 million |
| Eligible Vehicles | 2017–2022 Chevrolet Bolt EVs (built and shipped to dealers on or before Aug 19, 2021) |
| Compensation Offered | – $1,400: For vehicles that received a software remedy – $700: For vehicles eligible for battery replacement (includes former owners/lessees) |
| Claim Deadline | February 24, 2025 |
| Final Approval Hearing | March 25, 2025 |
| Where to File | BoltEVBatterySettlement.co |
Chevy Bolt Settlement and GM’s EV Strategy
The $150 million Chevy Bolt deal is a big win for owners of affected cars because it compensates them for the risks and loss of value caused by bad batteries. As the market for electric vehicles (EVs) changes, the case shows how important safety, openness, and protecting consumers are. Eligible owners must make claims at BoltEVBatterySettlement.com by February 24, 2025. General Motors, on the other hand, is still moving forward with its EV plan. It wants to double its production capacity and start making money by mid-2024, even though demand dropped last year. Over the last three months, the company saw a 36% rise in the number of U.S. Ultium EV batteries it shipped in Q1. GM CFO Paul Jacobsen says that the Cadillac Lyriq EV prices have dropped by $12,000 because of more efficient production at its factories in Ohio and Tennessee. By the end of the year, the Tennessee plant should be able to handle all of its work. GM’s new goal for 2024 is 200,000 to 300,000 cars, down from the previous goal of 400,000. The company is still focused on making EVs profitable in the second half of the year.
“GM, LG Energy Solution, and LG Electronics have reached an agreement with plaintiffs to resolve the class action litigation related to the Chevrolet Bolt EV battery recall,” General Motors said in an official statement shared with Reuters.
Chevy Bolt Battery Lawsuit Settlement: Your Eligibility & Cash Claim
Who Is Eligible for Compensation?
To be eligible for a payout under the $150 million Chevy Bolt EV settlement, individuals must meet the following conditions:
- Owned or leased a 2017–2022 Chevrolet Bolt EV
- The vehicle must have been built and delivered to a dealer on or before August 19, 2021
- Both current and former owners or lessees may qualify
- If you sold or returned your leased vehicle, you could still be eligible for partial compensation, as long as the vehicle became eligible for a software update after your sale or lease ended
Compensation Tiers & Payment Details
Payout amounts depend on the action taken to address the battery issue:
| Condition | Cash Compensation |
|---|---|
| Vehicle received a software remedy | $1,400 |
| Vehicle was eligible for battery replacement (no remedy applied before sale/return) | $700 |
These payments are designed to offset the loss in resale value, reduced battery range, and safety concerns linked to the battery defect.
What Has GM Done to Address the Issue?
General Motors took several steps to enhance safety and resolve the battery defect problem:
- Expanded recalls to include more model years and affected vehicles
- Launched an advanced battery monitoring system to detect early signs of failure
- Rolled out software updates to temporarily limit battery charging and reduce overheating risks
- Offered complete battery replacements for vehicles at the highest risk of fire hazards
If you believe you’re eligible, you can file your claim by February 24, 2025, at the official settlement website: BoltEVBatterySettlement.com.
Additional Compensation Possibilities
Some Chevrolet Bolt EV owners may be entitled to additional compensation if they encountered specific hardships during the recall process. These may include extended delays in battery replacement, significant inconvenience, or an extended period where the vehicle was unusable due to safety concerns.
How to File Your Chevy Bolt EV Settlement Claim
To file your Chevy Bolt EV settlement claim, start by gathering required documents such as proof of ownership or lease, a valid photo ID, and any relevant service records. Then, visit BoltEVBatterySettlement.com to complete the claim form online or request a paper form to submit by mail. Be sure to file your claim by February 24, 2025. If you wish to object or opt out of the settlement, the deadline is January 24, 2025. The final court approval hearing is set for March 25, 2025. Filing a claim is a simple process. Follow these steps to ensure you receive the compensation you may be eligible for:
Step 1: Collect Required Documents
Gather the necessary documents before starting your claim. These include:
- Proof of vehicle ownership or lease, such as a registration certificate, title, or lease agreement
- A valid government-issued photo ID
- Any available service records or recall notices (if applicable)
Step 2: Complete the Claim Form
Visit the official settlement website at BoltEVBatterySettlement.com to complete the claim form online. Alternatively, you can request a paper form and submit it by mail.
Step 3: Submit Before the Deadline
- The final deadline to submit a claim is February 24, 2025
- If you wish to object to the settlement or opt out, you must do so by January 24, 2025
- A final approval hearing is scheduled for March 25, 2025
Key Deadlines to Remember
- Objection Deadline: January 24, 2025
- Exclusion (Opt-Out) Deadline: February 24, 2025
- Claim Submission Deadline: February 24, 2025
- Final Approval Hearing: March 25, 2025
Broader Impact on Consumers and the Auto Industry
This settlement stands out as one of the most significant legal resolutions involving electric vehicles, reinforcing accountability across the automotive sector.
For Consumers:
Affected Chevrolet Bolt EV owners and lessees are being compensated for safety-related concerns and loss in vehicle value, ensuring financial relief and greater trust in EV ownership.
For the Auto Industry:
The case underscores the need for robust battery safety standards as the shift toward electric vehicles accelerates. Automakers are being called to prioritize quality control and risk mitigation from the design phase.
Looking Ahead:
General Motors has pledged to enhance its battery safety protocols in future EV models, aiming to prevent similar issues and strengthen consumer confidence in the next generation of electric vehicles.
Frequently Asked Questions
What is the Chevy Bolt EV Battery Settlement About?
Chevy Bolt EV owners of 2017–2022 models (built before August 19, 2021) may get $700–$1,400 under a $150M settlement. File by February 24, 2025, at BoltEVBatterySettlement.com.
What does the $150M Chevy Bolt EV settlement mean for owners, and how is GM progressing with its EV plans?
The $150 million settlement compensates 2017–2022 Chevy Bolt EV owners up to $1,400 for battery defects that led to safety concerns and loss of value. Eligible individuals must file a claim at BoltEVBatterySettlement.com by February 24, 2025. Meanwhile, GM is pushing ahead with its electric vehicle strategy—despite a slowdown in demand—with a revised goal of producing 200,000 to 300,000 EVs in 2024. The company reported a 36% rise in Ultium battery deliveries in Q1 and has reduced Cadillac Lyriq production costs by $12,000 through improved factory efficiency in Ohio and Tennessee, aiming for EV profitability in the second half of the year.
How can I submit a claim for the Chevy Bolt EV battery settlement?
To submit your claim, first collect the necessary documents, including proof of ownership or lease, a government-issued photo ID, and any relevant service records. Then, visit BoltEVBatterySettlement.com to complete the claim form online or request a paper version by mail. Make sure to file your claim by February 24, 2025. If you wish to opt out or object to the settlement, you must do so by January 24, 2025. A final approval hearing will take place on March 25, 2025.
What impact does the Chevy Bolt EV settlement have on consumers and the auto industry?
Chevy Bolt EV owners are receiving compensation for safety risks and value loss. For the auto industry, the case highlights the need for stronger battery safety standards. GM has committed to improving battery protocols in future EVs to restore consumer trust.
