Ohio EV Tax Credit and Incentive Savings Calculator

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Ohio EV Tax Credit and Incentive Savings Calculator

Estimate your total savings from federal EV tax credits, Ohio utility rebates, and other incentives when purchasing or leasing an electric vehicle in Ohio.

Vehicle Purchase Price ($)

Vehicle Type

New Battery Electric Vehicle (BEV) New Plug-In Hybrid Electric Vehicle (PHEV) Used EV (any type)

Battery Capacity (kWh)

Check your vehicle's spec sheet. Required for PHEV credit calculation.

Federal Tax Filing Status

Single Married Filing Jointly Head of Household

Adjusted Gross Income (AGI) ($)

Estimated Federal Tax Liability ($)

The federal credit is non-refundable and cannot exceed your tax liability (unless using point-of-sale transfer).

Ohio Electric Utility Provider

AEP Ohio Duke Energy Ohio FirstEnergy (Ohio Edison / CEI / Toledo Edison) Dayton Power & Light (AES Ohio) Other / Not Listed

Home EV Charger (EVSE) Installation Cost ($)

Include equipment + installation. Leave 0 if not installing a home charger.

Are you leasing the vehicle?

No (Purchasing) Yes (Leasing)

Calculate My Savings

function ohiCalc() { // --- Gather Inputs --- const vehiclePrice = parseFloat(document.getElementById('ohi-vehicle-price').value); const vehicleType = document.getElementById('ohi-vehicle-type').value; const batteryKwh = parseFloat(document.getElementById('ohi-battery-kwh').value); const filingStatus = document.getElementById('ohi-filing-status').value; const agi = parseFloat(document.getElementById('ohi-agi').value); const taxLiability = parseFloat(document.getElementById('ohi-federal-tax-liability').value); const utility = document.getElementById('ohi-utility').value; const chargerCost = parseFloat(document.getElementById('ohi-charger-cost').value) || 0; const isLease = document.getElementById('ohi-lease').value === 'yes';

// --- Validation --- const errors = []; if (isNaN(vehiclePrice) || vehiclePrice 0) { resultDiv.innerHTML = 'Please fix the following:' + errors.map(e => '').join('') + ''; return; }

// ============================================================ // 1. FEDERAL CLEAN VEHICLE TAX CREDIT (IRA 2022, IRC §30D / §25E) // ============================================================

// AGI income limits (2024 rules) const agiLimits = { new_bev: { single: 150000, mfj: 300000, hoh: 225000 }, new_phev: { single: 150000, mfj: 300000, hoh: 225000 }, used_ev: { single: 75000, mfj: 150000, hoh: 112500 } };

// MSRP caps (new vehicles) // SUV/truck/van cap: $80,000 | Sedan/car cap: $55,000 // This calculator uses $80,000 as a conservative cap since the calculator does not know body style const msrpCap = (vehicleType === 'used_ev') ? 25000 : 80000;

let federalCredit = 0; let federalCreditNote = ""; const agiLimit = agiLimits[vehicleType][filingStatus]; const agiEligible = agi 0) { chargerFederalCredit = Math.min(0.30 * chargerCost, 1000); chargerNote = "§30C Home Charger Credit: 30% × $" + chargerCost.toLocaleString() + " = $" + (0.30 * chargerCost).toFixed(2) + ", capped at $1,000."; }

// ============================================================ // 3. OHIO UTILITY REBATES (approximate 2024 values) // ============================================================ const utilityRebates = { aep: { ev: 500, charger: 250, name: "AEP Ohio" }, duke: { ev: 0, charger: 200, name: "Duke Energy Ohio" }, firstenergy: { ev: 0, charger: 150, name: "FirstEnergy Ohio" }, dayton: { ev: 0, charger: 100, name: "AES Ohio (Dayton P&L)" }, other: { ev: 0, charger: 0, name: "Other Utility" } };

const utilityData = utilityRebates[utility]; const utilityEvRebate = (vehicleType !== 'used_ev') ? utilityData.ev : 0; const utilityChargerRebate = (chargerCost > 0) ? utilityData.charger : 0; const totalUtilityRebate = utilityEvRebate + utilityChargerRebate;

// ============================================================ // 4. OHIO STATE — No state EV purchase tax credit as of 2024 // Ohio does have an annual EV registration surcharge ($200 BEV / $100 PHEV) // We show this as a cost, not a savings. // ============================================================ const ohioEvSurcharge = (vehicleType === 'new_bev' || vehicleType === 'used_ev') ? 200 : 100;

// ============================================================ // 5. TOTALS // ============================================================ const totalSavings = federalCredit + chargerFederalCredit + totalUtilityRebate; const netCost = vehiclePrice + chargerCost - totalSavings;

// ============================================================ // OUTPUT // ============================================================ let html = '### Your Estimated EV Savings in Ohio ';

html += ''; html += '' + 'Incentive' + 'Amount' + '';

html += 'Federal Clean Vehicle Tax Credit (§30D / §25E)' + '$' + federalCredit.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + '';

if (chargerCost > 0) { html += 'Federal Home Charger Credit (§30C)' + '$' + chargerFederalCredit.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + ''; }

if (utilityEvRebate > 0) { html += '' + utilityData.name + ' EV Purchase Rebate' + '$' + utilityEvRebate.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + ''; }

if (utilityChargerRebate > 0) { html += '' + utilityData.name + ' Home Charger Rebate' + '$' + utilityChargerRebate.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + ''; }

html += 'Total Estimated Savings' + '$' + totalSavings.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + '';

html += 'Vehicle + Charger Cost' + '$' + (vehiclePrice + chargerCost).toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + '';

html += 'Estimated Net Out-of-Pocket Cost' + '$' + netCost.toLocaleString(undefined,{minimumFractionDigits:2,maximumFractionDigits:2}) + '';

html += '';

// Notes html += ''; html += 'Notes:'; html += ''; if (chargerCost > 0) html += ''; html += '- Ohio Annual EV Registration Surcharge: Ohio charges an additional $' + ohioEvSurcharge + '/year for ' + (vehicleType === 'new_phev' ? 'PHEVs' : 'BEVs') + ' (in lieu of gas tax). This is a recurring cost, not a one-time savings.'; if (utility === 'other') { html += ''; } html += ''; html += '';

resultDiv.innerHTML = html; }

#### Formulas Used

Federal New EV Credit (§30D — BEV): Credit = $7,500 (flat), subject to: AGI ≤ limit, MSRP ≤ cap, North America assembly & battery sourcing requirements, and non-refundable tax liability cap.

Federal New EV Credit (§30D — PHEV): Credit = min($2,500 + $417 × max(0, kWh − 5), $7,500)

Federal Used EV Credit (§25E): Credit = min(30% × Sale Price, $4,000), subject to AGI ≤ limit and sale price ≤ $25,000.

Federal Home Charger Credit (§30C): Credit = min(30% × Charger Installation Cost, $1,000)

Net Cost: Net Cost = Vehicle Price + Charger Cost − Federal EV Credit − Federal Charger Credit − Utility Rebates

#### Assumptions & References

Federal credits are based on the Inflation Reduction Act (IRA) of 2022 rules effective for tax years 2023–2032 (IRC §30D, §25E, §30C).
The §30D credit is non-refundable when claimed on your tax return; it cannot exceed your federal tax liability. Starting in 2024, taxpayers may transfer the credit to a dealer at point of sale (effectively making it refundable at purchase).
MSRP cap used: $80,000 for SUVs/trucks/vans; $55,000 for sedans/cars. This calculator uses $80,000 conservatively — verify your vehicle's classification at fueleconomy.gov.
North America final assembly and battery critical mineral/component sourcing requirements must be met for the full §30D credit. Verify eligibility at fueleconomy.gov.
Sources: IRS §30D | IRS §25E | IRS §30C | Ohio ORC §4503.10

Ohio EV Tax Credit and Incentive Savings Calculator

Ohio EV Tax Credit and Incentive Savings Calculator

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