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If you’re a Chevy Bolt owner, you might be deserving of a $1,400 payout from General Motors after admitting that this model possessed defective batteries in the 2020, 2021, and 2022 model years. But there’s another option for those who want to take the matter into their own hands, but more on this later in the article…
The Chevy Bolt Battery Issues Explained
In 2021, older generation Chevy bolts, built between 2017 and 2019 had battery issues which were attempted to be fixed with dealer inspections, battery module swaps, and new software installs. This was not a permanent fix and some owners still experienced fires, leading to further damage in the relationship between owner and brand. Another battery issue was raised previously in 2020, and by then more than 19 Bolts had caught fire.
The software update that Chevy rolled out meant that batteries could only be charged to 80%. This left owners with even more frustration as the 257-mile range was reduced to just over 200 miles. With older models affected too, their range was reduced from 238 miles to just 144 miles thanks to these updates.
How To Qualify For The Payout and Alternative Options
To qualify for the $1,400 payout as part of GM’s compensation program for 2020-2022 Bolt EV/EUV owners, follow these steps. But be sure to read until the end of the article to find out how you could get more compensation.
1. Install the Final Advanced Diagnostic Software:
Ensure that you own a 2020-2022 Bolt EV or EUV model affected by the original battery recall. Schedule an appointment with an authorized GM service center to have the “software final remedy” installed on your vehicle.
2. Complete Installation by December 31, 2023:
The installation of the advanced diagnostic software must be completed by December 31, 2023, to be eligible for the compensation.
3. Sign a Legal Release:
Upon installation, you will be required to sign a legal release form. This is the catch. This form likely includes an agreement not to pursue further legal action related to the battery recall. Be cautious about what you sign and agree to, there may be another way for owners to receive a higher payout. More details at the end of this article.
4. Accept the $1,400 Visa eReward Card:
After completing the installation and signing the legal release, you will be eligible to receive a $1,400 Visa eReward card. This card serves as the upfront payment as part of the expected class action settlement.
5. Wait for Class Action Lawsuit Outcome (if not accepting the payment):
If you choose not to accept the $1,400 Visa eReward card, you may have to wait for the class action lawsuit to conclude. If the settlement amount exceeds $1,400, those who accepted the initial payment will still receive the difference.
6. Keep an Eye on Further Communication:
Owners who qualify for the compensation program should expect to receive a letter with more detailed information and a unique PIN to access the relevant website. Stay vigilant for any updates or communications from GM.
7. Comply with Diagnostic Requirements for Extended Warranty:
If you wish to qualify for an extended warranty or a replacement battery, ensure that you follow any additional diagnostic requirements set by GM. This may include completing the diagnostic by March 2025.
How to Receive Potentially Higher Payout:
To pursue this avenue, act quickly by not including yourself in GM’s compensation program before the designated deadline and turn down the $1,400 Visa eReward card.
For Bolt EV/EUV owners aiming for more substantial payouts, there’s no better time to explore what remedies the Lemon Firm option could pursue under the California Song Beverly act. If you meet the criteria, it could yield a significantly higher return than the $1,400 payout offered by GM.
For expert guidance through this process and to maximize your potential compensation, consider consulting TheLemonFirm.com which specializes in General motors cases. Time is critical, so take the necessary steps to ensure you don’t miss out on the potential for a more significant remedy under The Lemon Law Firm.