CHICAGO - Federal tax credits of up to $7,500 are available for buyers of new all-electric, plug-in hybrid and fuel cell electric vehicles purchased through Sept. 30.

What we know:

Eligibility depends on several factors, including the vehicle’s sticker price, final assembly location, battery sourcing and the buyer’s modified adjusted gross income.

To qualify, buyers must enter into a written contract and make a payment before the Sept. 30 deadline. The credit can be claimed once the buyer takes possession of the vehicle, even if that happens after the deadline.

Pre-owned electric and plug-in hybrid vehicles bought during the same period may qualify for a separate tax credit of up to $4,000. Additional state and local incentives may also be available.

The IRS cautioned that some manu

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