EV Tax Credit Calculator

Estimate your federal and state EV tax credits. Find out how much you can save on a new or used electric vehicle purchase.

$
$
$
Federal Credit
$0.00
Federal clean-vehicle credits ended after Sep 30, 2025
State Credit
$0.00
Total Savings
$0.00
Cumulative amount saved
Effective Price
$45,000.00
vs $45,000.00 sticker
Planning notes, formulas, and examples

About the EV Tax Credit Calculator

Federal clean-vehicle credits used to reduce the cost of a new electric vehicle by up to $7,500 and a used EV by up to $4,000 under the Inflation Reduction Act framework. IRS guidance says those consumer credits ended for vehicles acquired after September 30, 2025. For vehicles acquired on or before that deadline, eligibility still depends on the vehicle's assembly location, battery sourcing, MSRP limits, vehicle class, and income.

Many states still offer their own incentives, such as tax credits, rebates, reduced registration fees, and HOV-lane access. This calculator is therefore most useful as a worksheet that distinguishes historical federal-credit scenarios from post-deadline purchases, where state incentives may be the only remaining savings.

Tax-law changes in this area have been unusually fast, so confirm program status with the IRS and any state incentive source before purchasing.

When This Page Helps

EV incentives are complex and time-sensitive. This worksheet helps you separate post-deadline purchases, which no longer receive the federal clean-vehicle credit, from earlier acquisition scenarios and any still-available state incentives.

How to Use the Inputs

  1. Select whether you're modeling a new or used EV.
  2. Select whether the vehicle was acquired before or after the federal-credit deadline.
  3. If you are modeling a new EV, choose whether it is a car or an SUV / pickup / van so the correct MSRP cap is applied.
  4. Enter the vehicle MSRP or used-sale price.
  5. Enter your adjusted gross income (AGI).
  6. Enter any state incentive amount available.
  7. See the estimated federal and state credits.
  8. Review the net effective purchase price.
Formula used
Federal Credit (New): Up to $7,500 if the vehicle was acquired on or before September 30, 2025, the buyer stays under the AGI limit, and MSRP stays within the vehicle-class cap ($55,000 for cars or $80,000 for vans, SUVs, and pickups) Federal Credit (Used): Up to $4,000 or 30% of sale price, limited to vehicles priced at $25,000 or less and acquired on or before September 30, 2025 Total Savings = Federal Credit + State Incentives Effective Price = Vehicle Price − Total Savings

Example Calculation

Result: $9,500 total savings, $35,500 effective price

A new EV car acquired on or before September 30, 2025, with a $45,000 MSRP stays under the $55,000 car cap and the $150,000 single AGI cap. Federal credit: $7,500. State credit: $2,000. Total savings: $9,500. Effective price: $45,000 − $9,500 = $35,500.

Tips & Best Practices

  • Check IRS clean-vehicle guidance and fueleconomy.gov before relying on any federal-credit assumption.
  • New EV MSRP caps differed by vehicle class: $55,000 for cars and $80,000 for vans, SUVs, and pickups.
  • Used EV credit: up to $4,000 or 30% of sale price (whichever is less), max $25,000 price.
  • If you are modeling a post-deadline vehicle purchase, set the acquisition timing accordingly because the federal consumer credits no longer apply.
  • Income limits: $150,000 single / $300,000 joint for new; $75,000 single / $150,000 joint for used.
  • Leased EVs may qualify for commercial credits even if the model doesn't meet consumer requirements.

Federal Credit Timing Matters

The federal consumer clean-vehicle credits ended for vehicles acquired after September 30, 2025. That means the first question is not just whether a vehicle met MSRP and sourcing rules, but whether the acquisition date still falls inside the period when the credit was available.

State Incentives Still Matter

Even when the federal credit is unavailable, state rebates, tax credits, registration-fee adjustments, and utility incentives can still change the effective purchase price. This is why the page keeps state incentives separate from the federal credit calculation.

Historical and Comparative Use

This page works best as a comparison worksheet: pre-deadline federal-credit scenario, post-deadline no-federal-credit scenario, and state-only savings scenario. That framing is more useful than assuming a nationwide federal credit still exists for every new EV purchase.

Sources & Methodology

Last updated:

Methodology

This calculator separates new and used clean-vehicle scenarios using the IRS consumer credit rules that applied before the September 30, 2025 cutoff. For new vehicles, it applies the buyer AGI limits and the MSRP caps that differ by vehicle class: $55,000 for cars and $80,000 for vans, sport utility vehicles, and pickup trucks. For used vehicles, it applies the $25,000 sale-price cap and limits the credit to 30% of the sale price up to $4,000. If acquisition timing is after September 30, 2025, the calculator sets the federal consumer credit to zero and leaves only state incentives in the result.

Sources

Frequently Asked Questions

  • Under the IRA-era rules, the federal program provided up to $7,500 for new qualifying EVs and up to $4,000 for used EVs. IRS guidance says those consumer credits ended for vehicles acquired after September 30, 2025, so this page treats federal credit modeling after that deadline as a historical reference only.

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