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Owning an EV in New Mexico: Charging Cost, Incentives, and More

Owning an EV in New Mexico

Owning an EV in New Mexico: Charging Cost, Incentives, and More

Electric vehicles (EVs) are becoming increasingly popular in New Mexico due to the state’s abundant renewable energy resources and incentives for EV owners. With a commitment from the state to reduce greenhouse gas emissions, owning an EV in New Mexico makes economic sense and social responsibility a priority.

Charging infrastructure is a crucial factor to consider when owning an EV. The cost of ownership – including charging fees – should also be considered when deciding to purchase an EV.

We’ll guide you through owning an EV in New Mexico, covering charging costs, incentives, and infrastructure.

Charging Infrastructure in New Mexico

As electric vehicles become more and more prevalent, access to charging infrastructure is essential. From public charging stations to home charging options, let’s look at how EV drivers in New Mexico can stay up and ready to go.

Number of Charging Stations in New Mexico

New Mexico boasts an expanding public and private charging station offering electric vehicle owners convenient, accessible options. As of March 2023, the U.S. Department of Energy’s Alternative Fuels Data Center reported 238 public charging stations and 608 outlets throughout the state.

The New Mexico Department of Environment (NMDE) is actively encouraging the growth of electric vehicle infrastructure within its borders.

Owning an EV in New Hampshire
Front of Tesla Model S while parked at Tesla Supercharger Station with busy road behind.

©The Bold Bureau/Shutterstock.com

Types of Charging Stations

New Mexico offers various charging stations, such as Level 1, 2, and DC fast chargers. Level 1 chargers use a standard household outlet and take up to 50 hours to fully charge an EV battery. Level 2 chargers provide faster charges at 4-10 hours. DC fast chargers offer the quickest turnaround at 20-60 minutes to achieve 80% capacity on an EV battery.

Locations of Charging Stations in New Mexico

New Mexico boasts 238 public charging stations and an increasing network of private charging stations in public parking lots, shopping centers, and highways.

Several fast-charging stations exist throughout the state, allowing EV owners to charge their vehicles and continue their journeys quickly.

The New Mexico Department of Environment provides an online map that displays all public charging stations in the state. The map provides information on each type of charging station, port availability, and hours of operation. This helps EV owners plan their trips and locate charging stations.

In addition to public charging stations, New Mexico boasts several private charging stations at hotels, restaurants, and residences. These may be open to the public for a fee or restricted to specific users.

Cost of Owning an EV in New Mexico

One of the primary advantages of owning an electric vehicle in New Mexico is the lower cost of charging compared to gasoline-powered cars.

Electricity rates for EV charging vary depending on various factors, such as location and time of day. On average, EV owners in New Mexico can expect to pay approximately $.146 per kilowatt-hour (kWh).

We examined data from the US Department of Energy’s Alternative Fuels Data Center to compare the electricity costs for five popular EV models in New Mexico.

The following table displays our estimated fees to charge five popular EVs at an average electricity rate of $.146 per kWh.

EV ModelBattery Size (kWh)Range (Miles)Cost to Charge to Full (at $.146 per kWh)
Tesla Model Y75330$10.95
Ford F-150 Lightning98250$14.3
Chevrolet Bolt66259$9.636
Nissan Leaf40149$5.84
Audi e-Tron95226$13.87

The table shows that charging costs for electric vehicles in New Mexico vary based on battery size and range. The Ford F-150 Lightning has the largest battery size in its group.

However, it has a short range among other models. This means that it costs more to charge it to its total capacity. On the other hand, Nissan Leaf’s small size requires the lowest cost to fill up at total capacity.

The above estimates are based on average electricity costs in New Mexico. It’s important to note that they do not consider other factors affecting charging expenses, such as time-of-day charging rates or available incentives.

Cost of maintenance for EVs in New Mexico

EVs are more cost-effective than traditional gasoline-powered vehicles in New Mexico.

Electric cars have fewer moving parts, meaning fewer parts that could wear out or break, leading to lower expenses over time. Furthermore, EVs don’t need oil changes or fuel filters, reducing ownership expenses.

However, electric vehicles (EVs) may need regular maintenance on their battery systems and tires due to the extra weight of the battery.

Therefore, considering how much this cost of battery system upkeep could add up over time is an essential consideration for EV owners. Additionally, it’s essential to note that maintenance costs may differ based on the make and model of an electric vehicle (EV).

High-end models often feature more advanced battery systems that necessitate additional upkeep – thus, higher costs. Therefore, it is essential to research which makes and model of EV you are interested in to understand its ongoing upkeep expenses better.

New Mexico boasts some of the lowest electricity rates in America, making it a cost-effective state for electric vehicle (EV) owners.

Cost-Effectiveness of Owning an EV in New Mexico

Compared to a gas-powered vehicle, owning an EV in New Mexico offers a notable advantage of cost savings. This can be attributed to the lower cost of charging an EV than fueling a gasoline car.

The EV charging cost in New Mexico averages around $.146 per kilowatt-hour (kWh). Based on the estimated 25 kWh per 100 miles for the 2022 Tesla Model 3, the cost of driving an electric vehicle in New Mexico is approximately 3.65 cents per mile.

In contrast, the average price of a gallon of gasoline in New Mexico is about $2.91 per gallon.
In comparison, the cost of driving a gasoline car varies depending on the make and model, as well as the current price of gasoline.

However, assuming a fuel economy of 25 miles per gallon and a price of $2.91 per gallon, driving a gasoline car costs around 11.6 cents per mile. This means EV owners in New Mexico can save approximately 8 cents per mile compared to gasoline car owners.

A traditional gas station supplemented with electric charging infrastructure provides diverse power options just off the highway in Santa Rosa, New Mexico.

©Rebekah Zemansky/Shutterstock.com

Incentives for Installing a Charging Station in New Mexico

New Mexico provides several incentives for EV owners and businesses that install charging stations. These range from state incentives to utility/private incentives, tax credits, exemptions, rebates, funding opportunities, and other assistance programs.

Financing for EV Charging Infrastructure

New Mexico’s Environment Department offers to fund eligible mitigation projects for nitrogen oxide emissions.

The funding can cover all costs related to purchasing, installing, and maintaining light-duty EV charging stations that meet the eligibility criteria. This funding may require additional requirements.

“Make-Ready Building Tax Credit” for EV Charging Station.

Buildings that install electric vehicle charging stations could be eligible for tax credits. Tax credits may be available for facilities that provide infrastructure to charge these stations.

These credits are available for $1,500 for commercial buildings and $3,000 for affordable housing developments. The buildings must have a minimum of 20,000 square feet.

Grants for Installing Charge Stations for Electric Vehicles – “El Paso Electric “

El Paso Electric offers discounts to commercial customers who invest in direct current fast charging and Level 2 stations that meet specific criteria. These stations can be installed everywhere, from the office, company fleet, multi-family building, and public transportation hub.

Other Factors to Consider When Owning an Electric Vehicle in New Mexico

Range Anxiety and Long-Distance Travel

One of the primary concerns for electric vehicle (EV) owners is range anxiety – or the fear of running out of charge while driving. New Mexico’s sparse population and large stretches of remote areas may exacerbate range anxiety when traveling long distances.

But to address this issue, the state has made strides by expanding its network of charging stations along major highways and interstates; by March 2023, there were over 238 public charging stations available, with more expected to open over time.

Accessibility of Electric Vehicle Models in New Mexico

In New Mexico, the availability of various EV models varies based on dealership and location. However, many popular models, such as the Nissan Leaf, Tesla Model 3, Chevy Bolt, and Ford Mustang Mach-E, are readily available throughout the state.

When making a purchasing decision for an electric vehicle, prospective owners should take into account each model’s features and current availability.

Public Perception of Electric Vehicles in New Mexico

Public perception of EVs in New Mexico is generally positive, with the state actively encouraging their adoption through incentives and educational campaigns.

In 2021, New Mexico passed the Clean Car Standards, which will require automakers to offer a certain percentage of zero-emission vehicles (ZEVs), including EVs, for sale within its borders.

Furthermore, New Mexico provides various incentives for EV owners, such as tax credits, rebates, and exemptions from emissions testing requirements.

Breaking EV News

June 8, 2023 — Owners of Ford and General Motors (GM) EVs in New Mexico and nationwide will be able to use an adaptor to charge at 12,000 Tesla Superchargers at the start of 2024. And, starting in 2025, both Ford and GM EVs will feature Tesla’s North American Charging Standard connector.

This collaboration will undoubtedly make finding a charging station easier for Ford and GM EV owners. And, according to GM’s CEO Mary Barra, “…it could help move the industry toward a single North American charging standard.”

Frequently Asked Questions

How Does New Mexico's Weather Affect Electric Vehicle Battery Life?

New Mexico’s high temperatures can harm an electric vehicle (EV), particularly if left parked in direct sunlight. Furthermore, some EVs may experience reduced range when exposed to extreme temperatures, so owners of electric vehicles should plan accordingly. To protect your battery, park your EV in a shaded area, use a sunshade, or cover the car completely.

Can I Take My Electric Vehicle on Long Distance Trips in New Mexico?

New Mexico has made strides to expand the charging station network along major highways and interstates, allowing EV owners to take long-distance journeys. Nonetheless, you should carefully plan your routes and ensure access to charging stations.

What is the public perception of electric vehicles (EVs) in New Mexico?

In general, opinions on EVs in New Mexico are positive as the state continues to invest in clean energy initiatives to reduce emissions. Popularity is expected to grow among EV users.

What Electric Vehicle Models Are Available in New Mexico?

New Mexico offers a range of electric models, such as the Tesla Model S and Model X, Nissan Leaf, Chevy Bolt, and Ford Mustang Mach-E. Availability may vary by region, with some models being more popular than others.

What is New Mexico doing to Promote Electric Vehicle Adoption?

New Mexico has implemented initiatives encouraging EV adoption, such as tax credits, rebates, and grants for charging infrastructure. Moreover, the state established the Clean Car Standards program to reduce emissions from new vehicles sold within its borders. This initiative requires car manufacturers to meet specific emissions standards, including having a certain percentage of zero-emission vehicles sold within its borders.

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