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Cost For Electric Vehicles Details. A $7,500 credit for new electric vehicles, another provision of the inflation reduction act, would help push down prices across the board and filter down to the. In the us, federal tax incentives range from $2,500 to $7,500 for each ev purchased, but this offer will only last until each manufacturer has produced 200,000. Just enter your distance, fuel price and car milage. The 2024 model x has viciously quick acceleration and impressive.