So, I called Hyundai about the IRS letter about the EV Tax Credit

[FloridaSun]

When you bought (or Leased) your Car, the Dealer lowers the Sticker Price by the amount of the Rebate. The Dealers Claims the Rebate, not you. At least this is what I was told by two different dealers when I leased my 2020 Kona EV Ultimate and the same thing when I leased my 2021 Kona EV Ultimate, and my Contract stated both times that the car price was reduced by the amount of the rebates. I never heard of this IRS Letter you are talking about. In fact, my 2021 had a total of "$12,250 in Rebates and Non Cash Credits" or $4750 more than the $7500 Federal Tax Credit. When I asked why the Dealer said Hyundai was having trouble selling the cars so they kicked in another rebate on top of the Federal Rebate. I didn't argue with them. Because of the additional Hyundai Rebate, my Lease payment dropped from $518 per month on a 4-year lease to $375 per month on a 3-year lease. I didn't argue with them on this either.

On a lease, the dealer keeps the rebate.. On a cash or financed sale, the buyer gets to claim the rebate. In my case, I paid full price and claimed my rebate.. After some confusion at the IRS, their investigation into the tax credit on my car was closed and I get to keep the tax credit. I did send them the sales and financing contract of the car as also the certification paperwork that I found on this forum (someone posted it). Took them over a year to close the investigation..

 

[BaylorBob]

There is confusion between credits and rebates. The Fed offers a credit against tax liability, states or dealers extend rebates. The process for Federal tax credit is different for leased versus purchased vehicles. The dealer gets the credit on a leased vehicle. Buyers apply for credit against taxes owed. / apparently

Suzanne, I'm not a Tax Guy. Not my Field. I believe everything you said. The Bottom Line for me, and all I cared about, was that on both of my Kona EV's the Cost to me for the Vehicle Lease was reduced by the amount the Federal Govt. Kicked in on the 2020 Hyundai Kona EV and Hyundai also kicked in on the 2021 Kona EV as you can see in the payments I listed for each. Thank you for your clarification.

 

[pulone]

So, I called Hyundai Customer support a couple of days ago regarding the IRS letter that everyone in the USA whe claimed the $7500 tax credit on a 2019 Kona Electric. They called me back this morning and they told me is that Corperate doesn't have any such document and they referred me to Hyundai Motor Finance.. This is a joke.. Why would have HMF that document? If we have to pay back the $7500 tax credit it's time for a Lawsuit against Hyundai. They can't just claim that the vehicle qualifies for the tax credit and then wash their hands when it comes to help the customer proof that the vehicle does qualify. I really love the car but the lack of support I'm getting from Corporate is a joke. Can't they have someone call the IRS to clarify with them what they need from Hyundai to resolve this issue? Obviousely, this seems to be too much to ask.. As soon as I get my new battery, it's Tesla time.. Not because of the car.. Not because of the battery issue.. Not because of my local Hyundai dealer which is wonderful but because of the lack of support I'm getting from Corporate..

I was audited by IRS 7 months ago, claiming I didn't own my 2019 Kona EV. The auditor then mailed me a black n white picture of the Vin inside the driver's door. Only problem, Ms Colman sent me a picture of someone else's car! I then gathered about 10 things with my VIN number....ins card, pink slip, photo of vin from windshield and drivers door, et al. I asked them in my appeal response, if they had access to CA DMV records, which all law enforcement has access to. A simple vin check would have solved their accusation. As a part of my appeal, I am allowed to request a meeting with Ms. Colmans supervisor.....Unfortunately, I did not get that opportunity!! Four months later, IRS sent a letter, they were dropping the audit. No apology! ps...Hyundai gave me the docs they had, that the IRS referenced & wanted...

 

[Jonathan Ambriz]

I was audited by IRS 7 months ago, claiming I didn't own my 2019 Kona EV. The auditor then mailed me a black n white picture of the Vin inside the driver's door. Only problem, Ms Colman sent me a picture of someone else's car! I then gathered about 10 things with my VIN number....ins card, pink slip, photo of vin from windshield and drivers door, et al. I asked them in my appeal response, if they had access to CA DMV records, which all law enforcement has access to. A simple vin check would have solved their accusation. As a part of my appeal, I am allowed to request a meeting with Ms. Colmans supervisor.....Unfortunately, I did not get that opportunity!! Four months later, IRS sent a letter, they were dropping the audit. No apology! ps...Hyundai gave me the docs they had, that the IRS referenced & wanted...

I am in the process of getting audited and the IRS is requesting a certificate from the manufacturer regarding the qualification of a 2023 Ioniq 5 in the year 2022 (I bought in December of that year). Hyundai corporate has been giving me the run around and the dealership where I purchased won’t even speak to me unless I go in person (I’ve moved 14 hours away). I have no idea what I can do at this point.