Hybrid Electric Vehicle (HEV) Tax Exemption
HEVs with a U.S. Environmental Protection Agency estimated combined fuel economy rating of at least 27.5 miles per gallon are eligible for a one-time exemption from the motor vehicle excise tax at the time the when original certificate of title for the vehicle is issued. The tax exemption is available through June 30, 2009. (Reference New Mexico Statutes 7-14-6)
Jurisdiction: New Mexico
Type: State Hybrid Incentives
Technologies: HEVs, PHEVs
See all New Mexico Laws and Incentives.