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Chevy Bolt owners must choose between rebates and battery defect lawsuits – TechCrunch

Chevy offered discounts to Bolt EV owners who bought their cars just before a model price drop in 2023, but that discount comes with a big catch. jalopnik and Autoblog Note that the rebate request requires drivers to “forever waive and release their right” to sue GM or LG over the Bolt’s reported battery failure. In other words, you have to be content with the savings even if the car causes serious damage. GM confirmed the agreement language with Engadget.

GM first recalled the Bolt in November 2020 following reports of battery fires between 2017 and 2019. The automaker attempted to address the issue with a software update in April 2021, but two subsequent fires and a second recall prompted NHTSA to issue a warning about indoor parking. This led to a July 2021 recall, with GM replacing the battery packs. The brand eventually recalled all Bolts it made, pledged an additional $1 billion for battery replacement, and offered an eight-year, 100,000-mile warranty on replacement batteries.

Since then, the company has tried to win back trust through financial incentives. It dropped the price of the Bolt EV and Bolt EUV between $5,900 and $6,300 and offered comparable discounts for buyers of the 2020, 2021, and 2022 models this year. The exact discount amounts depend on the model year and trim level.

As jalopnik explained, this isn’t the first time GM has used legal agreements to protect its reputation. Cadillac Lyriq buyers were offered a $5,500 rebate if they agreed not to discuss issues with the electric SUV, and buyers of high-end cars like the Hummer EV will void their warranties if they agree to theirs Turn vehicles over within a year. However, this latest move could easily be the most worrying – the rebate amounts to a legal settlement rather than a friendly offer.

Editor’s note: This article originally appeared on Engadget.

https://techcrunch.com/2022/08/02/chevy-bolt-owners-must-choose-between-rebates-and-battery-defect-lawsuits/ Chevy Bolt owners must choose between rebates and battery defect lawsuits – TechCrunch

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