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Tax incentives and/or other incentives for drivers of electric vehicles in House.
A NEV is defined as a four-wheeled electric motor vehicle that has a maximum speed of at least 20 miles per hour (mph) but not more than 25 mph and complies with the federal requirements specified in Title 49 of the Code of Federal Regulations, section 571.500. NEVs may only be used on roads with speed limits of up to 35 mph, though NEVs may cross roads or highways with greater speed limits at intersections or permitted crossing points. A local authority or the New Mexico Department of Transportation may prohibit the operation of NEVs on any road under its jurisdiction if the governing body determines that the prohibition is necessary in the interest of safety. (Reference New Mexico Statutes 66-1-4.12 and 66-3-1103)
The New Mexico Environment Department (NMED) provides funding for eligible mitigation projects for nitrogen oxides (NOx) emissions. NMED may provide funds up to 100% of the cost to purchase, install, and maintain eligible light-duty EVSE. Additional requirements may apply.
PNM offers residential customers a $300 rebate for the purchase of a Level 2 ENERGY STAR certified EVSE. For more information, including eligibility requirements, see the PNM EV Discounts and Rebates website.
New Mexico utilities joined the National Electric Highway Coalition (NEHC), committing to create a network of direct current fast (DC Fast) charging stations connecting major highway systems from the Atlantic Coast to the Pacific of the United States. NEHC utility members agree to ensure efficient and effective fast charging deployment plans that enable long distance EV travel, avoiding duplication among coalition utilities, and complement existing corridor DC fast charging sites. For more information, including a list of participating utilities and states, see the NEHC website.
EPE offers residential customers a $500 rebate to purchase a qualified Level 2 EVSE and a $2,300 rebate for low-income customers to purchase and install a qualified Level 2 EVSE. Low-income customers are households with income equal to or less than 200% of the federal poverty level. Eligible Level 2 EVSE must be ENERGY STAR certified, networked, and have Wi-Fi or cellular capabilities. For more information, see the EPE Residential Programs website.
EPE offers a TOU rate to commercial and residential customers that own or lease EVs. Eligible customers must be able to separately meter electricity used for EV charging. For more information, see the EPE EV Rates website.
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