EV Tax Credit Calculator 2026 β Federal Electric Vehicle Credit (30D & 25E)
Calculate your federal electric vehicle tax credit for 2026. See if your new or used EV qualifies under Section 30D or 25E and how much you can save.
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New EV: $55K cap (cars) or $80K cap (SUV/trucks) $
New EV: $150K single / $300K MFJ income limit Required for new EV credit β check at fueleconomy.gov
Adds $3,750 to the credit if satisfied
Adds $3,750 to the credit if satisfied
Examples:
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Eligibility
$0
Maximum Credit
$0
Your Estimated Credit
$0
Tax Liability Needed (non-refundable)
Eligibility Checklist
| Requirement | Your Status | Impact |
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How to Use This EV Tax Credit Calculator
Select new or used vehicle, enter the MSRP or purchase price, your MAGI, and filing status. For new EVs, the calculator checks MSRP cap, income limit, North America assembly, battery requirements, and mineral requirements. For used EVs, it checks the $25,000 price cap and income limits.
The Formula
New EV (30D): Credit = ($3,750 if battery req.) + ($3,750 if mineral req.) = max $7,500
Requires: MSRP β€ $55K (car) or $80K (SUV/truck), income β€ limit, North America assembly
Used EV (25E): Credit = min(price Γ 30%, $4,000)
Requires: purchase price β€ $25,000, purchased from dealer, income β€ limit
Both credits are non-refundable β must have sufficient tax liability to use
Requires: MSRP β€ $55K (car) or $80K (SUV/truck), income β€ limit, North America assembly
Used EV (25E): Credit = min(price Γ 30%, $4,000)
Requires: purchase price β€ $25,000, purchased from dealer, income β€ limit
Both credits are non-refundable β must have sufficient tax liability to use
Example
Tesla Model 3 Standard Range, $42,990 MSRP, single filer, $90,000 MAGI:
MSRP cap: $42,990 β€ $55,000 β passes
Income: $90,000 β€ $150,000 β passes
North America assembly: Yes β passes
Battery + mineral requirements: Both met β $3,750 + $3,750 = $7,500
Credit: $7,500 (requires $7,500 in tax liability to use fully)
MSRP cap: $42,990 β€ $55,000 β passes
Income: $90,000 β€ $150,000 β passes
North America assembly: Yes β passes
Battery + mineral requirements: Both met β $3,750 + $3,750 = $7,500
Credit: $7,500 (requires $7,500 in tax liability to use fully)
Extended
Popular EV Eligibility Lookup
Pre-filled MSRP and assembly status for popular electric vehicles
Popular EV Eligibility Quick-Look
Click any vehicle to pre-fill the calculator above with its specifications. Data reflects 2026 IRS qualified vehicle list (approximate β verify at fueleconomy.gov).
New EVs β 2026 Credit Eligibility
| Vehicle | MSRP | Category | Max Credit | Eligible |
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Key Facts About the 2026 EV Credit
- Point-of-sale transfer: You can transfer the credit to the dealer for an instant discount β no need to wait until tax filing
- Non-refundable: You need at least $7,500 in tax liability to use the full new EV credit; unused credit is lost (unlike ACA or ACTC)
- One credit per vehicle: You can only claim the credit once per vehicle β subsequent buyers of the same used EV cannot claim it again after the first claim
- Used EV: model year restriction: The vehicle must be at least 2 model years old; cannot be a model year vehicle that was not yet 2 years prior
- Income check timing: The IRS checks your MAGI for the current year OR the prior year β you qualify if you are under the limit in either year
Frequently Asked Questions
How much is the federal electric vehicle tax credit in 2026?
For new electric vehicles (Section 30D), the credit is up to $7,500. It is split into two $3,750 components: one for meeting battery component requirements and one for critical mineral requirements. For used EVs (Section 25E), the credit is 30% of the purchase price, capped at $4,000. Both credits are non-refundable β they can reduce your tax liability to zero but will not generate a refund.
What are the income limits for the EV tax credit?
For a new EV (30D), the income limits are $150,000 for single filers, $225,000 for head of household, and $300,000 for married filing jointly. For a used EV (25E), the limits are lower: $75,000 single, $112,500 HoH, and $150,000 MFJ. These are MAGI limits β if you exceed them, you cannot claim the credit at all (no partial phase-out; it is a hard cutoff).
What is the MSRP cap for the EV tax credit?
For new EVs, the MSRP cap is $55,000 for sedans, hatchbacks, and wagons, and $80,000 for SUVs, trucks, vans, and pickups. MSRP is the manufacturer's suggested retail price and does not include destination charges. If a vehicle's MSRP exceeds the cap, it does not qualify for any portion of the credit regardless of your income.
Can I transfer the EV tax credit to the dealer?
Yes. Starting in 2024, you can transfer the new or used EV tax credit directly to the dealer at point of sale, effectively getting an instant discount equal to the credit amount rather than waiting until you file your taxes. This is optional β you can still claim it on your return instead. The dealer then claims the credit from the IRS. This is available regardless of whether you owe taxes.
Does a vehicle need to be assembled in North America to qualify?
Yes, for the new vehicle credit (30D), final assembly must occur in North America (US, Canada, or Mexico). This requirement has eliminated many foreign-made EVs from eligibility. You can check a specific vehicle's eligibility using the VIN decoder at fueleconomy.gov or the IRS qualified vehicles list. The used vehicle credit (25E) does not have a North America assembly requirement.