Clean Vehicle Credit Calculator
The federal clean vehicle credit (Form 8936) offers up to $7,500 for new electric vehicles and $4,000 for used EVs. Enter your vehicle and tax details below to check eligibility and calculate your credit.
Cap: $55,000
Credit is nonrefundable — limited to your tax liability unless transferred to dealer
- MSRP $35,000 is within the $55,000 cap
- AGI $80,000 is within the income limit for Single
- Vehicle meets both critical minerals and battery component requirements
- Credit claimed on tax return — nonrefundable, limited to tax liability
- Critical minerals component
- $3,750
- Battery components component
- $3,750
- Total credit
- $7,500
- Maximum credit available
- $7,500
- Your credit amount
- $7,500
- Monthly equivalent
- $625/mo
How the Clean Vehicle Credit Works
New Vehicle Credit — Up to $7,500
Two $3,750 components: one for critical minerals sourcing and one for battery component manufacturing. Both must meet domestic content requirements.
Used Vehicle Credit — Up to $4,000
The lesser of $4,000 or 30% of the purchase price. Vehicle must be priced at $25,000 or less and be at least 2 model years old.
MSRP Limits
New sedans: $55,000 MSRP cap. New SUVs, vans, and pickups: $80,000 MSRP cap. Used vehicles: $25,000 purchase price cap.
Dealer Transfer Option
Transfer the credit to the dealer at purchase to get an immediate price reduction — no need to wait for your tax return, and the credit isn't limited by your tax liability.
Frequently asked questions
How much is the EV tax credit?
The federal clean vehicle credit is up to $7,500 for new EVs (two $3,750 components for critical minerals and battery components) and up to $4,000 for used EVs (or 30% of purchase price, whichever is less).
What are the income limits for the EV tax credit?
New vehicles: $300,000 MFJ, $225,000 HoH, $150,000 single/MFS. Used vehicles: $150,000 MFJ, $112,500 HoH, $75,000 single/MFS. You can use the lesser of your current or prior year modified AGI.
What are the MSRP and price limits?
New sedans/hatchbacks: $55,000 MSRP cap. New SUVs/vans/pickups: $80,000 MSRP cap. Used vehicles: $25,000 sale price cap.
Can I transfer the credit to the dealer?
Yes. Both new and used vehicle credits can be transferred to a registered dealer at the point of sale for an immediate price reduction. This means the credit isn't limited by your tax liability.
What's the difference between new and used vehicle credits?
New vehicle credits (Section 30D) offer up to $7,500 with higher income/MSRP limits. Used vehicle credits (Section 25E) offer up to $4,000 with lower limits. Used vehicles must be at least 2 model years old and only the first transfer qualifies.