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UtahEV incentives inNew Mexico
Moderate — $500–$1,999 incentive, sales tax exemption, or significant utility EV rebates

New Mexico

Incentive Tier
Moderate
State EV Tax Credit
None
Sales Tax Exemption
No
HOV Lane Access
No
Solar Tax Credit
10%

EV Purchase Rebate & Tax Credits

New Mexico offers MODERATE EV incentives through charging equipment rebates and renewable energy programs. Direct EV purchase rebates are income-restricted or otherwise limited. See the sections below for details.

Home Charging Station Incentives

PNM and El Paso Electric offer EV charging rebates. New Mexico EMNRD administers clean transportation programs.

Solar Tax Credit & Net Metering

New Mexico offers a 10% state income tax credit for residential solar installations. Net metering: Net metering is available in New Mexico under NMSA 62-16A-4. Excess generation is credited at the retail rate for residential systems up to 80 kW.

Additional State Programs

New Mexico enacted the Electric Vehicle Excise Tax Credit (HB 14, 2023) providing a credit of $2,500 for new EVs and $1,500 for used EVs, income-phased out above $150,000 adjusted gross income. Solar tax credit is 10% of installation costs, up to $6,000. This positions NM as moderate given the EV credit is income-targeted.

Official State Energy Source

For the most current EV and renewable energy incentives in New Mexico, visit the official source at https://www.emnrd.nm.gov/. Incentive programs change frequently — always verify eligibility, application deadlines, and funding availability before purchasing.

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Related guides

New Mexico Official EV Incentive Source: https://www.emnrd.nm.gov/
Law last updated: 2023Row last reviewed: May 7, 2026

State EV and renewable energy incentives change frequently. This information is for educational purposes and reflects programs available as of April 2026. Always verify current eligibility, income limits, and program availability with your state energy office before purchasing. Federal EV tax credits (up to $7,500 under the Inflation Reduction Act) apply separately and are not reflected here.