Home Charging Savings for a Typical New Mexico Driver
Based on 12,000 miles per year
Gas Car Fuel/yr
$1,350
Home Charging/yr
$439
Annual Savings
$911
Charger Cost
$1,500
Utility Rebate
None
Net Charger Cost
$1,500
Payback
1.6 yrs
15-Year Savings
$15,446
CO₂ Avoided/yr
5,486 lbs
New Mexico EV Charger Rebates
✕
Federal 30C Credit (Expired June 30, 2026)
The federal Alternative Fuel Refueling Property Credit (30% up to $1,000 for a home charger) expired June 30, 2026, and had only applied in eligible low-income or non-urban census tracts. Chargers installed after that date do not qualify.
Varies
New Mexico Utility Programs
New Mexico has no statewide EV-charger rebate; PNM offers an EV charging rate. View full rebate detail →
Home Charging Savings by City in New Mexico
| City | Fuel Savings/yr | Charger Payback | Population ↓ | Utility |
|---|---|---|---|---|
| Albuquerque | $925 | 1.6 yrs | 564,559 | Public Service NM |
| Las Cruces | $935 | 1.6 yrs | 111,385 | El Paso Electric |
| Rio Rancho | $884 | 1.7 yrs | 104,046 | Public Service NM |
| Santa Fe | $908 | 1.7 yrs | 90,863 | Public Service NM |
| Roswell | $897 | 1.7 yrs | 48,611 | Xcel Energy NM |
| Farmington | $867 | 1.7 yrs | 45,877 | Public Service NM |
| Hobbs | $942 | 1.6 yrs | 40,290 | Xcel Energy NM |
| Clovis | $959 | 1.6 yrs | 39,859 | Xcel Energy NM |
| Alamogordo | $901 | 1.7 yrs | 31,227 | El Paso Electric |
| Carlsbad | $863 | 1.7 yrs | 29,613 | Xcel Energy NM |
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The average US driver covers about 12,000 miles a year.
Quick Facts: New Mexico
- ⛽ Gas: $3.15/gallon
- ⚡ Electricity: $0.128/kWh
- 🔌 Charger installed: $1,500
- 🏭 Top utility: Public Service NM