Search Federal and State Laws and Incentives

Electric Vehicle (EV) Charging Station Funding

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 EV charging stations. Additional requirements may apply.

The program is funded by New Mexico’s portion of the Volkswagen Environmental Mitigation Trust. For more information, visit the New Mexico Volkswagen Settlement website.

Electric Vehicle (EV) Infrastructure Support

New Mexico utilities joined the National Electric Highway Coalition (NEHC), committing to create a network of direct current fast charging (DCFC) 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 DCFC sites. For more information, including a list of participating utilities and states, see the NEHC website.

Residential Electric Vehicle (EV) Charging Station Program – Xcel Energy

The Xcel Energy EV Accelerate at Home program provides residential customers with a Level 2 EV charging station for a flat monthly fee. The fee covers EV charging station installation and maintenance by an Xcel Energy approved electrician. For more information, see the Xcel Energy Driving Toward an Electric Future website.

Electric Vehicle (EV) Time-Of-Use (TOU) Credit – Xcel Energy

Xcel Energy offers an annual credit of $50 for customers who charge EVs during off-peak periods. For more information see the Xcel Energy Driving Toward an Electric Future website.