EV Ownership Cost Calculator
🇺🇸 US-specific: the federal $7,500 new-EV / $4,000 used-EV tax credits ended October 1, 2025 and are not applied below — this compares real energy costs only.
What the expired federal credits used to be worth: $7,500 on a new EV, $4,000 on a used EV (both ended October 1, 2025, under the One Big Beautiful Bill Act, and are not reflected in the totals above). The remaining federal option is the Auto Loan Interest Deduction — up to $10,000/year in loan interest on a U.S.-assembled vehicle, financed 2025-2028 — worth roughly $2,200-$3,700 in total tax savings depending on income and loan size; check whether your vehicle qualifies. Some states still offer independent EV incentives.
Free EV vs. gas total cost of ownership calculator — built for 2026, after the federal $7,500 new-EV and $4,000 used-EV tax credits both ended October 1, 2025. Compares real energy costs and total ownership cost, since the credit is gone but fuel savings aren't.
How it works
- Enter both vehicles' purchase prices, your annual mileage, and each vehicle's efficiency (EV kWh/100mi, gas car MPG)
- Adjust electricity and gas prices from the 2026 national averages if your local rates differ
- See annual and multi-year energy costs, total cost of ownership for each vehicle, and what the now-expired $7,500/$4,000 federal credits used to be worth
Frequently asked questions
Is the federal EV tax credit still available in 2026?
No. The $7,500 new-EV credit (Section 30D) and $4,000 used-EV credit (Section 25E) both ended October 1, 2025 under the One Big Beautiful Bill Act, years ahead of their original scheduled expiration. Neither applies to purchases made after that date.
Is an EV still worth it without the tax credit?
It depends heavily on purchase price gap, annual mileage, and local electricity/gas prices — this calculator runs the actual energy-cost math so you can see your own numbers rather than a generic answer. Higher annual mileage and a bigger gas-price/electricity-price gap make EV fuel savings add up faster.
Is there any federal EV incentive left at all?
The main federal option remaining is the new Auto Loan Interest Deduction — up to $10,000/year in car loan interest can be deducted from taxable income for loans on U.S.-assembled vehicles (2025-2028), worth roughly $2,200-$3,700 in total tax savings depending on income and loan size. It's a deduction, not a credit, so it's worth less than the expired $7,500. Some states also still offer their own EV incentives independent of the federal credit.
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From the blog
Update history
- 2026-09-08 Launched: EV vs. gas total cost of ownership calculator comparing real 2026 energy costs, built around the October 2025 expiration of the federal $7,500/$4,000 EV tax credits.