If you recently purchased an electric vehicle, you could receive Federal and State income tax credits up to $10,000.  

The amount of tax credit you will receive depends on several factors including the vehicle's battery size.  Other factors include the state you live in and your personal income tax bill.    

Further, the tax credit program is limited based on the number of vehicles sold by a manufacturer.  So you need to know which manufacturers are no longer eligible for this benefit.  Thinking of buying a Tesla?  If so, this affects you.  

If you do your homework and maximize your tax credits, this could cut your vehicle costs by 20-30%!