New Mexico EV incentives
New Mexico offers a refundable income tax credit up to $3,000 for new EVs (effective 2024 purchases and later).
Updated April 16, 2026
Purchase incentive
New Mexico Clean Car Tax Credit
New Mexico offers a refundable income tax credit up to $3,000 for new EVs (effective 2024 purchases and later).
Up to $3,000
Official program page HOV lane access
no
Official state source
DOE AFDC — New Mexico Federal programs that still apply in New Mexico
- OBBBA EV loan interest deduction — up to $10,000/yr for qualifying new EV purchases.
- Section 30C home charger credit — 30% / up to $1,000, expires June 30, 2026.
State incentive programs change frequently. Verify amounts, eligibility, and funding status at the official program page linked above before making a purchase. Data verified April 16, 2026.
Sources: DOE AFDC — State Laws