The $150M Chevy Bolt Electric Car Battery Fire Settlement is a landmark class action lawsuit filed against General Motors (GM), Chevrolet and LG over allegations of manufacturing and selling defective electric Chevy Bolt cars. The core issue focusses on the lithium batteries in these cars which are alleged to have a risk of catching fire, posing potential hazards to drivers. The lawsuit implicates vehicles leased or purchased between 2017 and 2022, and the settlement aims to provide benefits to class members who owned these vehicles in the United States and its territories built and shipped to a dealer on or before August 19, 2021. The lawsuit is significant due to the sizable $150 million settlement amount and the broader implications it has on the rapidly growing electric vehicle industry. It exposes possible risks associated with electric vehicles and pressurizes manufacturers to ensure the safety of their products. It could also potentially lead to stricter regulations regarding electric vehicle manufacturing and testing to prevent similar incidents in the future. Under the settlement, eligible class members can get a payout between $700 and $1,400, depending on the remedy their vehicle is eligible for. Documentation, including vehicle registration, title, lease contract, and government-issued photo identification, is necessary to file a claim. The deadline for filing the claim is February 24, 2025.