In February $2023,$ Francisco purchased a new electric vehicle $($EV$).$ The purchase meets all the requirements to qualify for the New Clean Vehicle Credit. Francisco is a single taxpayer, and his modified adjusted gross income $($MAGI$)$ is $$67,500.$ He determines he owes $$3,500$ in income tax for $2023.$ What is the amount of the New Clean Vehicle Credit Francisco can claim on his Federal tax return?

A$.$ $$0$

B$.$ $$3,500$

C$.$ $$4,000$

D$.$ $$7,500$