The short answer: A 2026 Tesla Model Y Long Range AWD costs about $4.54 per 100 miles to charge at home in New Mexico, and $14.85 for the energy to drive its 327-mile EPA range. That uses the August 2026 residential average of 16.51¢/kWh, up from 15.98¢/kWh in August 2025 and about 9% below the U.S. residential average of 18.16¢/kWh. The same 100 miles cost about $13.85 in a 30-mpg gas SUV at AAA’s New Mexico average of $4.154 a gallon (October 28, 2026), and about $14.85 at a public DC fast charger.
EIA Table 5.6.A: EIA labels the 2026 values in this table as preliminary estimates based on a cutoff model sample from Form EIA-861M (formerly EIA-826). Values for 2025 are final. These are state or district-wide residential averages, not a household tariff. Method.
EV vs gas in New Mexico: cost per 100 miles
New Mexico’s regular gas averaged $4.154 a gallon on October 28, 2026, the 22nd-cheapest among the 50 states and the District (AAA).
| How you fuel | Math | Per 100 mi | 12,000 mi/yr | Source |
|---|---|---|---|---|
| 2026 Tesla Model Y Long Range AWD, charged at home | 16.51¢/kWh × 27.50 kWh | $4.54 | $545 | EPA · EIA |
| 2026 Tesla Model Y Long Range AWD, public DC fast | $0.540/kWh × 27.50 kWh | $14.85 | $1,782 | Paren, U.S. average |
| 2026 Toyota RAV4 (2.5 L hybrid, 2WD) | $4.154/gal ÷ 43 mpg | $9.66 | $1,159 | EPA · AAA |
| 2026 Honda CR-V FWD (1.5 L turbo, gas) | $4.154/gal ÷ 30 mpg | $13.85 | $1,661 | EPA · AAA |
- Home charging vs the gas SUV: about $1,117 a year less at 12,000 miles. Home charging stays cheaper until electricity reaches about 50.35¢/kWh, 3.0× the state average.
- Home charging vs the hybrid: home charging is about $614 a year cheaper. The break-even against the hybrid is 35.13¢/kWh.
- Public fast charging vs gas: relying on DC fast charging costs more than the gas SUV at these prices ($14.85 vs $13.85 per 100 miles).
Checked on the Model Y: 27.50 kWh/100 mi × $0.1651/kWh = 4.5403, which rounds to $4.54 per 100 miles. The gas SUV is 100 ÷ 30 mpg × $4.154 = 13.8453, or $13.85. The break-even electricity price is $13.85 ÷ 27.50 kWh = 50.35¢ per kWh.
Utility EV and time-of-use prices in New Mexico
Prices quoted from each utility’s tariff or rate page. Fixed charges, riders and taxes are extra unless the line says otherwise.
- PNM, Whole Home EV (WHEV) pilot: A discounted charging window from 10 p.m. to 5 a.m.; other hours bill at the standard Residential 1A block rate. PNM, Whole Home EV rate, checked Nov 2026.
AFDC’s utility records (program types, no prices) list 3 utilities in New Mexico with an EV rate or managed charging:
- El Paso Electric (EV rate) · site
- El Paso Electric Co (EV rate, managed charging) · site
- Xcel Energy (EV rate) · site
Have an off-peak price? Put it in the calculator.
EV rebates and tax credits in New Mexico
- New Mexico clean car tax credit (Open, New Mexico EMNRD): For purchases in 2024 through 2026: $3,000 for a new EV, $2,500 for a new plug-in hybrid, $2,500 for a used EV and $2,000 for a used plug-in hybrid. The amounts step down starting in 2027. EMNRD, Clean car state tax credit, checked Nov 2026.
Federal credits are gone: 30D and 25E for vehicles acquired after Sept. 30, 2025, and 30C for chargers placed in service after June 30, 2026 (IRS: new, used, charger).
Public charging in New Mexico
The AFDC counted 1,274 public charging ports at 494 locations in New Mexico on October 28, 2026: 653 Level 2 and 619 DC fast, plus 2 Level 1. AFDC also counts about 16,600 battery-electric vehicles registered in New Mexico through 2025 (0.8% of light-duty registrations). That is about 13.0 EVs per public port, against 21.7 nationally, the 16th-fewest EVs per port among the 50 states and the District.
Paren’s Q3 2026 report has no New Mexico figure, so fast-charging math here uses its U.S. average of $0.540 per kWh.
Stations that bill energy delivered to the car charge less than the EPA wall figure. As a rough estimate (wall energy × 0.894, a Level 2 efficiency from Sears et al., 2014), the Model Y comes to about $13.28 per 100 miles at $0.540/kWh.
Cost to charge five common EVs in New Mexico
| Vehicle | EPA kWh/100 mi | EPA range | Home / 100 mi | Home full charge | Public DC / 100 mi |
|---|---|---|---|---|---|
| 2026 Tesla Model Y Long Range AWD | 27.50 | 327 mi | $4.54 | $14.85 | $14.85 |
| 2026 Tesla Model 3 Standard RWD | 24.30 | 321 mi | $4.01 | $12.88 | $13.12 |
| 2026 Chevrolet Equinox EV FWD | 31.08 | 319 mi | $5.13 | $16.37 | $16.78 |
| 2026 Hyundai Ioniq 5 RWD | 30.00 | 318 mi | $4.95 | $15.75 | $16.20 |
| 2026 Ford Mustang Mach-E RWD | 31.44 | 260 mi | $5.19 | $13.50 | $16.98 |
Where New Mexico sits
New Mexico is in the Mountain census division.
States next to New Mexico on price
Also in Mountain
All 50 states and D.C., ranked
Open the calculator at 16.51¢/kWh
Related: what a Level 2 charger costs to install in New Mexico, home charger rebates in New Mexico, the extra EV registration fee in New Mexico, whether your panel can take a Level 2 circuit, home charger comparison, and all free EV tools.
Pricing a Level 2 charger? See the charger guide and the ChargePoint Home Flex review.
Check Home Flex on AmazonFAQ: charging an EV in New Mexico
How much does it cost to charge an EV at home in New Mexico?
About $4.54 per 100 miles in a 2026 Tesla Model Y Long Range AWD at 16.51¢/kWh (EIA, August 2026), and $14.85 for its full 327-mile range. The five EVs in the table run $4.01 to $5.19 per 100 miles.
Is charging an EV cheaper than buying gas in New Mexico?
Yes, at home: $4.54 per 100 miles for the Model Y versus $13.85 for a 30-mpg gas SUV and $9.66 for a 43-mpg hybrid, with regular at $4.154 (AAA, October 28, 2026). The SUV only wins above 50.35¢/kWh.
Is public DC fast charging more expensive than gas in New Mexico?
Yes. $14.85 per 100 miles at $0.540/kWh (Paren, U.S. average) is more than the gas SUV’s $13.85 and $10.31 more than home charging.
Do New Mexico utilities offer EV charging rates?
PNM, Whole Home EV (WHEV) pilot: A discounted charging window from 10 p.m. to 5 a.m.; other hours bill at the standard Residential 1A block rate.
What EV rebates or tax credits are available in New Mexico?
New Mexico clean car tax credit: For purchases in 2024 through 2026: $3,000 for a new EV, $2,500 for a new plug-in hybrid, $2,500 for a used EV and $2,000 for a used plug-in hybrid. The amounts step down starting in 2027.
How many public EV chargers are there in New Mexico?
The AFDC station count for October 28, 2026 shows 494 public charging locations in New Mexico with 1,274 ports: 653 Level 2 and 619 DC fast, plus 2 Level 1. AFDC counts about 16,600 battery-electric vehicles registered there through 2025, or about 13.0 EVs per public port.
More sources
Electricity, gas, vehicle and fast-charging sources are linked in the tables above.
- AFDC station counts (October 28, 2026), registrations (2025), and utility records (2026-10-28).
- NOAA NCEI Climate at a Glance, statewide mean temperature: New Mexico January 35.7°F, July 74.1°F (1991–2020 averages).
- AAA, cold weather and EV range (Feb. 7, 2019).
- EIA state generation data, 2024: wind 38.1%, natural gas 29.3%, coal 21.2%, solar 10.8%.