How can you get up to $7,500 in tax credit from the federal government, save a lot of money on gas, and do something good for the environment? The answer is shockingly simple: buy a new electric or plug-in hybrid car this year.

If you’re in the market for a new car, going green may save you a lot of green at tax time. Whether you already bought an electric vehicle this year or are thinking of buying one, here are some facts to know to help you claim the electric car and vehicle tax credit.

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