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✦ Updated for 2025 Tax Year

Find Out Exactly How Much You Save on an EV Tax Credit

Enter your details once. Instantly see your federal credit, state rebate, and total savings — no account needed, completely free.

$7,500 Max Federal Credit
50+ State Rebates Covered
$12,500 Max Combined Savings
2025 Current Tax Year
EV Tax Credit Calculator 2025
Drag to set your income $80,000
$0$125k$250k$375k$500k
$
Estimated Savings Breakdown ✓ Eligible
Federal Tax Credit (IRA §30D) $7,500
State Rebate / Incentive Select a state
Income Eligibility ✓ Qualifies
MSRP Cap Check ✓ Under Limit
Your Total Estimated Savings $7,500
⚠ These are estimates based on published IRS guidelines. Actual credits depend on tax liability, vehicle qualification, and filing details. Consult a tax professional before making financial decisions.

Why thousands of EV buyers use this calculator

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Based on IRS & IRA Guidelines

Our calculator reflects the latest IRS rules under the Inflation Reduction Act (§30D and §25E), updated for the 2025 tax year filing season.

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Covers All 50 States

Every state's rebate program, sales tax exemption, and local EV incentive is factored in — so you see your true combined savings, not just the federal credit.

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No Account, No Data Collected

Your income and vehicle info never leave your browser. This is a free, private tool with no sign-up, no tracking, and no upsell.

Simple & Fast

How the EV Tax Credit Calculator Works

Three inputs. Instant result. No spreadsheets, no tax code research.

01

Enter Your Income & Filing Status

Your Adjusted Gross Income (AGI) determines whether you qualify. The IRS sets income caps that vary by filing status — we check them automatically.

02

Select Your State & Vehicle

Choose your state to add any local rebate on top of the federal credit. Enter the MSRP to verify it's under the IRS cap ($55K for sedans, $80K for SUVs/trucks).

03

See Your Total Savings Instantly

The calculator combines your federal credit and state rebate to show you the maximum potential savings on your new or used EV purchase.

04

Apply at Point of Sale

Since January 2024, you can transfer the federal credit to your dealer as an instant discount. Our results tell you exactly what to ask for at the dealership.

Programmatic State Pages

EV Tax Credits by State

Select your state for a detailed breakdown of local rebates, sales tax exemptions, and utility incentives on top of the federal credit.

California Up to $7,500 rebate
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Colorado $5,000 state credit
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New York Up to $2,000 rebate
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Massachusetts Up to $3,500 rebate
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Texas Federal credit only
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Florida Federal credit only
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Washington Up to $2,500 rebate
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Oregon Up to $2,500 rebate
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New Jersey Sales tax exempt
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Illinois Up to $4,000 rebate
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Arizona Alt fuel tax credit
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Georgia Federal credit only
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Nevada Sales tax exempt
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Utah Up to $1,500 rebate
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Virginia Sales tax exempt
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North Carolina Federal credit only
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Maryland Up to $3,000 rebate
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Connecticut Up to $2,250 rebate
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Minnesota Up to $2,500 rebate
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Ohio Federal credit only
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Michigan Up to $2,000 rebate
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Pennsylvania Up to $2,000 rebate
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New Mexico Up to $2,500 rebate
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Hawaii Up to $2,500 rebate
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Vermont Up to $2,000 rebate
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Maine Up to $2,000 rebate
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Rhode Island Up to $2,500 rebate
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Delaware Up to $2,200 rebate
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Montana Federal credit only
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Idaho Federal credit only
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Wisconsin Up to $1,500 rebate
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Kansas Federal credit only
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Tennessee Federal credit only
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South Carolina Federal credit only
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Louisiana Federal credit only
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New Hampshire Federal credit only
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Indiana Federal credit only
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Oklahoma Federal credit only
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Common Questions

EV Tax Credit FAQ

Everything you need to know before buying an electric vehicle in 2025.

How much is the federal EV tax credit in 2025? +
The federal EV tax credit in 2025 is up to $7,500 for new qualifying EVs and up to $4,000 for used EVs purchased from a dealer. These credits were established under the Inflation Reduction Act (IRA) and apply to vehicles meeting domestic assembly and battery component requirements. Eligibility also depends on your Adjusted Gross Income and the vehicle's MSRP.
What income limits apply to the new EV credit? +
For new EVs, the AGI income caps are: $150,000 for single filers, $225,000 for head of household filers, and $300,000 for married couples filing jointly. The IRS uses either your current or prior-year AGI — whichever is lower — to determine eligibility.
What are the MSRP limits for the EV credit? +
The vehicle's Manufacturer's Suggested Retail Price (MSRP) must not exceed: $55,000 for sedans, wagons, and cars; $80,000 for SUVs, crossovers, vans, and pickup trucks. Vehicles priced above these limits are not eligible for the federal credit regardless of income.
Can I use the EV tax credit as a point-of-sale discount? +
Yes — since January 1, 2024, you can transfer the credit to a participating dealer as an immediate point-of-sale discount. This means you get the savings upfront, even if your tax liability for the year would have been lower than the credit amount. Ask your dealer if they participate in the IRS transfer program.
Are state EV rebates separate from the federal tax credit? +
Yes. State rebates, credits, and exemptions are entirely separate from the federal IRA credit and can be stacked on top of it. California, Colorado, Massachusetts, Illinois, and Maryland offer some of the most generous state-level incentives. Check your state's page on this site for a detailed breakdown.
What qualifies as a "used EV" under the IRS rules? +
A qualifying used EV must: be at least 2 model years old at time of purchase, be purchased from a licensed dealer (not a private seller), have a sale price of $25,000 or less, and be the first time the vehicle is being sold under the used credit. The buyer income limits are lower for used EVs: $75,000 single, $112,500 head of household, $150,000 married.
Do leased EVs qualify for the tax credit? +
Leased EVs fall under commercial vehicle credit rules. The credit goes to the leasing company (lessor), not the lessee. However, many dealers and manufacturers pass the savings on as lower monthly payments or a capitalized cost reduction. If you're leasing, ask the dealer how they account for the commercial credit in your lease terms.