New Mexico EV Incentives & Savings
The state's electricity grid is a mix of traditional and renewable sources, with significant solar and wind generation capacity. Major utilities offer special time-of-use rates to make home charging more affordable for electric vehicle owners.
New Mexico EV incentive programs
New Mexico currently has no state-level EV incentive programs for consumers. The federal Clean Vehicle Tax Credit (Section 30D, up to $7,500) expired September 30, 2025 and is no longer available for new purchases. The federal 30C residential charging credit (30% up to $1,000) remains available through June 30, 2026.
Check back periodically — states frequently introduce new EV programs as adoption grows.
Source: DOE Alternative Fuels Data Center, last checked April 2026.
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