Thursday, January 27, 2022
News GM is About to Spend $800 Million Fixing Chevrolet Bolt EVs

GM is About to Spend $800 Million Fixing Chevrolet Bolt EVs

Software updates and some repairs were insufficient to curb battery fires in 2017-19 Chevrolet Bolt EVs

  • Nearly 70,000 Bolts have been recalled for battery issues.

  • The cost-per-vehicle is estimated at $11,650.

  • Hyundai will face a similar bill as it too will replace batteries in 82,000 of its EVs.

The recalls involving nearly 70,000 Chevrolet Bolt EVs began last November following a number of battery malfunction failures. These fires occurred while the vehicles were off. Fixes were brought to the vehicles however and a second recall was subsequently issued. And now, it looks like GM will have to replace the faulty batteries.

This latest recall will be a costly one. In fact, it will become one of the most expensive in history on a per-vehicle basis. At about $11,650 per Bolt, the total cost for fixing or replacing the batteries will reach $800 million.

Chevrolet Bolt Recalled for a Second Time Following Repairs

According to Mike Held, director of the automotive and industrial practice at consulting firm AlixPartners: “Battery safety and durability will be increasingly important if auto companies want to avoid some of the large battery-recall costs that have befallen the consumer electronics industry,”

To Held’s point, as shared by CNN Business, Hyundai is also facing an identical situation with its series of electric vehicles. They too are facing a recall situation that will see them spend $874 million to replace batteries in 82,000 EVs.

Trending Now

MINI Launches a Restoration and Electrification Program for its Classic Models

With the shift to electric cars raging in the automotive industry, classic car enthusiasts will have to accept that the cars of yesteryear are...

Nissan Recalls 793,000 Units of the Rogue in North America

Corrosion in an electrical connector could cause a fire The affected model is the 2014-2016 Rogue A solution to the problem is currently...

Nokian Introduces the Green Step Tire Concept

It is made from 93% recycled or renewable materials. Nokian’s goal is to make tires from 50% of all its tires from recycled...

The Renault-Nissan-Mitsubishi Alliance will Introduce 30 New EVs by 2030

This will be part of a plan to triple EV investments The Alliance also aims for price parity of compact EVs by 2025 ...

Lamborghini to Electrify all new Models Starting Next Year

Hybrids and PHEVs are first. A full EV will come sometime after. The first hybrid is expected to be the Aventador for 2023. Lamborghini...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.