What the vehicle costs after the credit, 2024
This works out one number from the Clean Vehicle Tax Credit figures published for 2024. Every amount it uses is below, with the document it was read from. What you enter is your own: this site has no way to check it, and the answer it produces is not a published figure.
This calculates
The vehicle price you enter less the published credit amount selected by the sourcing requirement count you enter.
You provide
- How many sourcing requirements the vehicle meets
- The price you are paying for the vehicle
It does not include
- Vehicle or taxpayer eligibility, manufacturer information, dealer reporting, tax liability, filing, or advice.
Effective 2024-01-01Source: Credits for new clean vehicles purchased in 2023 or after (IRS)Verified 2026-09-03
How it is worked out
The amount you enter, less the published amount, rounded to the nearest cent. Where the published amount is the larger of the two, the answer is nothing rather than a negative amount.
How many sourcing requirements the vehicle meets, from the 2 this year publishes: Maximum credit ($7,500), Credit if only one of the two sourcing tests is met ($3,750). The calculator uses the one you pick and says which.
Figures in this colour are computed from the amounts above. They are not published figures and no document states them.
Work it out
The live calculator needs JavaScript. The table below covers common amounts and is computed the same way.
Worked out for common amounts
| The price you are paying for the vehicle | Maximum credit | Credit if only one of the two sourcing tests is met |
|---|---|---|
| 35,000 | $27,500 | $31,250 |
| 45,000 | $37,500 | $41,250 |
| 55,000 | $47,500 | $51,250 |
| 80,000 | $72,500 | $76,250 |
How each figure was verified
Each number below was read from a stored copy of the document named beside it, and checked to occur word for word in the quoted sentence. The digest is of that stored text.
Credits for new clean vehicles purchased in 2023 or after (IRS)
- Maximum credit
You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV).
- Credit if only one of the two sourcing tests is met
For vehicles placed in-service April 18, 2023, and after: Vehicles will have to meet all of the same criteria listed above, plus meet new critical mineral and battery component requirements for a credit up to: $3,750 if the vehicle meets the critical minerals requirement only $3,750 if the vehicle meets the battery components requirement only $7,500 if the vehicle meets both
Every 2024 Clean Vehicle Tax Credit figure · Clean Vehicle Tax Credit in every year · Every calculator on this site