EV Loan & Subsidy Calculator (India + Other Countries)
EV Loan & Subsidy Calculator
Calculate your Electric Vehicle loan EMI and government subsidy benefits
Vehicle & Loan Details
Calculation Results
Monthly EMI:
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Total Loan Amount:
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Total Interest Payable:
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Subsidy Benefit:
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Effective Loan Amount:
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Effective EMI:
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You can save approximately тВ╣0 with the subsidy!
Without Subsidy
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Total Payment
With Subsidy
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Total Payment
Subsidy Information
FAME II (India): Up to тВ╣1.5 lakh subsidy for electric cars and тВ╣30,000 for electric two-wheelers under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme.
Federal Tax Credit (USA): Up to $7,500 tax credit for purchase of new electric vehicles.
Plug-in Grant (UK): Up to ┬г1,500 grant for electric motorcycles and up to ┬г2,500 for electric cars.