EV Tax Credit Calculator
Estimate federal and state EV tax credits based on vehicle price, income, filing status, and US assembly. See your effective purchase price.
Inputs
Results
Federal Tax Credit
$7,500
Effective Price
$32,500
Est. State Credit$2,000
Savings22.6%
How to Use This Calculator
- Enter the Vehicle MSRP — sedan/car models must be under $55,000; SUVs and trucks under $80,000.
- Set your Adjusted Gross Income (AGI) from your most recent tax return.
- Review the Federal Tax Credit (up to $7,500), Estimated State Credit, Effective Price after credits, and total Savings percentage.
- Note: the federal credit is non-refundable — you must owe at least that much in federal taxes to claim the full amount.
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