State EV intel · New Mexico
New Mexico EV Incentives & Savings
Avg. Electricity Rate
$0.149/kWh
Est. Annual Savings
$1,650
at $3.94/gal gas
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.
See exactly how much an EV would cost you in New Mexico.
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