EV Charging Cost in New Mexico (2026)
What New Mexico drivers actually pay to charge at home, by EV model, with the state’s average rate filled in for you.
At New Mexico’s average residential rate of about 14.9¢/kWh, charging a typical EV at home costs about $43 a month for 1,000 miles, versus about $47 at the 16.5¢/kWh US average. That is roughly 4.3¢ per mile, close to the US average. Enter your own rate below for an exact figure.
Need public charging or battery details? Full calculator →
You’d save about — a year vs gas in New Mexico.
Monthly charging cost in New Mexico, by EV model
At 14.9¢/kWh and 1,000 miles a month. Tap a model for its full page.
| EV model | Battery | Per charge | Per month | Per 100 mi |
|---|---|---|---|---|
| Tesla Model Y | 75 kWh | $11.18 | $42.57 | $4.26 |
| Tesla Model 3 | 58 kWh | $8.57 | $37.25 | $3.73 |
| Hyundai Ioniq 5 | 84 kWh | $12.52 | $46.56 | $4.66 |
| Ford Mustang Mach-E | 91 kWh | $13.56 | $49.67 | $4.97 |
| Chevrolet Equinox EV | 85 kWh | $12.67 | $46.56 | $4.66 |
| Ford F-150 Lightning | 98 kWh | $14.60 | $70.95 | $7.10 |
| Kia EV6 | 84 kWh | $12.52 | $45.15 | $4.52 |
| Volkswagen ID.4 | 82 kWh | $12.22 | $48.06 | $4.81 |
| Honda Prologue | 85 kWh | $12.67 | $49.67 | $4.97 |
| Tesla Cybertruck | 123 kWh | $18.33 | $62.08 | $6.21 |
| Hyundai Ioniq 6 | 77 kWh | $11.53 | $38.21 | $3.82 |
| Rivian R1S | 135 kWh | $20.12 | $64.78 | $6.48 |
New Mexico vs its neighbors
New Mexico electricity rates for EV owners
At about 14.9¢/kWh, New Mexico has a residential rate close to the US average of 16.5¢/kWh. New Mexico is swapping coal for wind and solar, and low demand density keeps its rates just below the national average.
Your own utility’s rate may differ from the state average. The calculator above is editable, so enter the number from your bill for an exact figure.
Charge overnight to pay less: scheduling your charging for off-peak hours can drop your real cost per mile well below the state average. Our Time-of-Use calculator does that math.
New Mexico EV charging questions
How much does it cost to charge an EV in New Mexico?+−
At New Mexico’s average residential rate of about 14.9¢/kWh, charging a typical EV at home costs about $43 a month for 1,000 miles, roughly 4.3¢ per mile. A full charge of a 75 kWh battery runs about $11.18.
Is charging an EV cheap in New Mexico?+−
Yes. New Mexico is below the US average of 16.5¢/kWh, so home charging is cheaper here than in most states, and far cheaper than gas. A 28-mpg gas car costs about 11¢ a mile; charging in New Mexico runs about 4.3¢.
What does public fast charging cost in New Mexico?+−
Public DC fast charging typically runs 40–50¢/kWh across the US, about 2.5 times a typical home rate. It is fine for road trips and expensive as a routine. Home charging on New Mexico’s 14.9¢ rate is the cheaper habit.
Is it cheaper to charge an EV or buy gas in New Mexico?+−
Charging at home wins in New Mexico: about 4.3¢ per mile versus roughly 11¢ per mile for a 28-mpg gas car at the $3.20/gallon national average, which saves about $861 a year at 1,000 miles a month. Local gas prices shift the exact gap.
New Mexico rate: EIA residential average (2026 example value). EV efficiency: EPA ratings. Table assumes 1,000 miles/month, home charging. Estimates only. Full methodology →