EV Tax Credit Eligibility Checker
Find out in 60 seconds if you qualify for the $7,500 federal EV tax credit. Includes income limits, MSRP caps, and leasing strategy if you don't qualify.
Are you buying new or used?
The §30D credit applies to new EVs; §25E applies to used EVs with different amounts.
Income Too High? Leasing Gets You $7,500 Anyway
Leased EVs qualify under §45W with no income limit. See exactly how leasing compares to buying for your situation.
Stack Federal + State Incentives
Many states offer additional $1,000–$9,500 rebates on top of the federal credit.
Federal EV Tax Credit FAQs
How much is the federal EV tax credit in 2025?
The §30D New Clean Vehicle Credit is up to $7,500 for new EVs purchased in 2025. The amount depends on battery mineral and component sourcing requirements. Many popular EVs qualify for the full $7,500. There is also a §25E Used Clean Vehicle Credit of up to $4,000 (or 30% of the sale price) for qualifying used EVs.
What are the income limits for the 2025 EV tax credit?
For new EVs (§30D): $150,000 AGI for single filers, $300,000 for married filing jointly, and $225,000 for heads of household. For used EVs (§25E): $75,000 single, $150,000 joint, $112,500 head of household. These are based on your current or prior year AGI, whichever is lower.
What is the MSRP cap for the EV tax credit?
$55,000 MSRP cap for cars and sedans. $80,000 cap for SUVs, pickup trucks, and vans. The vehicle's MSRP must be at or below these limits to qualify for §30D. These limits do NOT apply to leased vehicles under §45W.
Can I get the $7,500 tax credit if my income is too high?
Yes — by leasing instead of buying. When you lease an EV, the leasing company (dealer or financial arm) claims the §45W Commercial Clean Vehicle Credit. This has NO income limit on you as the lessee. Most leasing companies pass the full $7,500 as a capitalized cost reduction, lowering your monthly payment.
Can I claim the EV tax credit at the point of sale?
Yes — starting in 2024 (tax year), you can transfer the §30D credit to the dealer at the point of sale, effectively getting the $7,500 as a discount off the purchase price rather than waiting for your tax return. Ask your dealer about "instant rebate" or "credit transfer" at purchase.