Global EV Loan EMI & Subsidy Calculator
Estimate your monthly payments and available electric vehicle subsidies – no currency symbols, just numbers.
✨ NOTE: This tool provides estimates for educational purposes only. Actual subsidies and loan terms depend on government policies, eligibility, and lender criteria.
📊 How it works: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = net loan (price – down payment – subsidy), r = monthly interest rate (annual/12/100), n = tenure in months.
💡 Subsidy rules (simplified):
• USA: $7500 federal tax credit (if battery ≥5 kWh)
• UK: £2500 grant (if price ≤ £35,000)
• India: ₹15,000 per kWh (max ₹1.5 lakh)
• Germany: €6000 (if price ≤ €40,000)
• France: €5000 (if price ≤ €47,000)
• Other: 0 (no subsidy assumed)
🔒 Privacy first: All calculations happen locally in your browser. No data is sent to any server.
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