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Chevy Offers Compensation to Bolt EV Owners

Chevy Bolt EV

General Motors (GM) has announced a compensation program for owners of 2020-2022 Bolt EVs and EUVs who experienced a recall that limited their vehicles’ range to 80% for an extended period. This compensation, part of an expected class-action settlement, involves GM paying $1,400 to affected owners in the form of a Visa eReward card.

To be eligible for this compensation, owners must install a “software final remedy” by December 31, 2023, and sign a legal release. If owners decline the $1,400 payment, they may opt to wait for the outcome of the class action lawsuit. Should the settlement amount exceed $1,400, those who accepted the payment would still receive the difference.

The recall affected 2020-2022 Bolt models due to a battery chemistry issue that could lead to fires when the vehicles were fully or nearly fully charged. GM issued a recall for these models and introduced diagnostic software to reduce maximum charging levels to 80%. This reduced the range from approximately 259 miles to 207 miles. Affected vehicles needed to accumulate 6,200 miles of use before undergoing the final assessment, which had to be completed by March 2025 to qualify for an extended warranty or replacement battery.

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