EV Tax Credit Calculator

Because the federal EV tax credit (IRC Sections 30D and 25E) was repealed by the One Big Beautiful Bill Act for any vehicle acquired after September 30, 2025. There is no live federal credit path for a purchase being planned today, so this calculator shows $0 rather than reviving the old MSRP, income, and assembly-location eligibility rules as though they still applied.

Only a narrow one: a taxpayer with a written binding purchase contract and a payment made on or before September 30, 2025 could still claim the credit when the vehicle was later placed in service. That exception is now backward-looking and has no relevance to a vehicle being purchased today, which is why it isn't modeled here.

State and utility EV incentive programs vary enormously -- by state, by program, and often by the specific vehicle -- so there's no single honest national average to assume the way the old federal credit had one fixed dollar figure. Entering your own state's known incentive amount, found through your state energy office or utility, gives a real number instead of an invented one.

Both are calculated purely from Vehicle MSRP and whatever State/Utility Incentive you enter -- Effective Price subtracts your entered incentive from MSRP, and Savings expresses that incentive as a percentage of MSRP. Neither includes any federal credit, since none currently applies.

Yes. The used-EV credit under IRC Section 25E (up to $4,000) was repealed on the same September 30, 2025 timeline as the new-vehicle Section 30D credit under the same legislation, so neither the new nor the used federal EV credit currently applies to a vehicle acquired today. Leases were affected too. Many lessees benefited indirectly from the commercial clean-vehicle credit under IRC Section 45W, which the lessor claimed and passed through as a capitalised-cost reduction. That credit was repealed on the same September 30, 2025 timeline, so a new lease signed today carries no federal credit either.