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Does New Mexico offer tax rebates on electric cars?

I’m considering purchasing an EV and I live in New Mexico. Does New Mexico offer any tax rebates on electric cars?

avatar
Marlee John · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
No, unfortunately while many other states offer rebate programs for
electric car
drivers, the state of
New Mexico
does not.
EV drivers may still be eligible to apply for the Federal Tax Credit program offered by the U.S. Department of Energy, however, New Mexico does not have any programs specific to the state. That said, electric vehicles are still a great investment as they both help you save money on fuel costs and help reduce harmful fuel emissions!
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