Minnesota EV Incentive Calculator

2026

Minnesota in 2026: electric cars pay 0.5% of MSRP, at least $150; no state purchase incentive is open. The federal EV tax credit ended for vehicles acquired after September 30, 2025.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

miles
$/gal
MPG
$/kWh
mi/kWh

Annual Fuel Savings

$1,238.57

Annual Maintenance Savings

$480.00

Total Annual Savings

$1,493.57

5-Year Savings

$7,467.86

10-Year Savings

$14,935.71

EV Savings Breakdown

Annual Gas Fuel Cost$1,855.71
Annual EV Fuel Cost- $617.14
Annual Fuel Savings$1,238.57
Gas Maintenance/yr$1,212.00
EV Maintenance/yr- $732.00
Annual Maintenance Savings$480.00
Extra EV Registration Fee- $225.00
Total Annual Savings$1,493.57
5-Year Savings$7,467.86
10-Year Savings$14,935.71

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Minnesota EV Fees and Incentives (2026)

Minnesota adds a yearly surcharge of 0.5% of MSRP for electric cars and 0.25% for plug-in hybrids, shrinking as the car ages, with minimums of $150 and $75 (a new $45,000 EV pays $225). Hybrids pay nothing extra, and it is not indexed to inflation.

From July 1, 2027, the minimums drop to $100 for electric cars and $50 for plug-in hybrids; a new $45,000 EV still pays $225. A 5-cent-per-kWh tax at public chargers above 50 kW also starts then.

No state-funded rebate or tax credit for buying an electric car is open in Minnesota as of October 2026; check your electric utility for local rebates.

Minnesota's state EV rebate (up to $2,500 new, $600 used) has closed after all funds were claimed.

The federal clean vehicle tax credits (up to $7,500 for a new EV, up to $4,000 for a used EV, and the commercial clean vehicle credit) ended for vehicles acquired after September 30, 2025. A vehicle still qualifies if a binding written contract was signed and a payment made by that date, even if it was delivered later; the credit is then claimed for the year of delivery.

Minnesota EV Fees & Incentives (2026)

EV Registration Surcharge 0.5% of MSRP, min $150
Plug-in Hybrid Surcharge 0.25% of MSRP, min $75
Next Change July 1, 2027: minimums drop to $100 EV / $50 plug-in hybrid
State Purchase Incentive None open
Federal EV Tax Credit Ended for vehicles acquired after Sep 30, 2025
State Tax When You Buy a Car 6.88%

Official Sources:

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