New Mexico Electric Vehicles

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New Mexico Electric Vehicle Program Overview

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CFI - Round 2 Discretionary Grant Program NOW OPEN!

New Mexico EV - Building a clean energy economy

Transportation accounts for the largest share of U.S. greenhouse gas emissions (about a third), with most transportation emissions coming from light-duty vehicles—the cars, small trucks, and vans that many of us drive.

The U.S. consumer market for EVs is rapidly growing. In the third quarter of 2023, EV and hybrid sales amounted to 18 percent of U.S. light duty vehicle sales; over the year, Americans bought one million fully electric vehicles, a new record.

Purpose - Meeting the President’s goal of net zero emissions by 2050

will require large-scale adoption of electric vehicles (EVs), which can produce fewer—or zero—emissions. 

Market research indicates that overall consumer satisfaction with electric vehicles is very high. In fact, 80 percent of EV owners are likely to buy an EV again based on ease of charging at home, driving enjoyment, vehicle quality and reliability, and the low cost of ownership. Still, survey data reveal that lack of public charging availability is one of the main reasons causing people not to consider an EV for their next vehicle purchase. Other related issues include concerns about how far EVs can drive on a charge, about whether chargers will be available and working, and about the amount of time it takes to charge. Economic research indicates that investing in an extensive EV charging network that supports a variety of EV models is a relatively cost-effective way to overcome the market failures limiting EV adoption. To this end, the President has invested $7.5 billion from his Bipartisan Infrastructure Law towards building a national network of EV chargers.

News

NMDOT Announces First Round of Funding Awards for $11.9 Million from National Electric Vehicle Infrastructure (NEVI) Formula Funding

Santa Fe, NM - The New Mexico Department of Transportation (NMDOT) received $38.3 million in NEVI Formula funding to distribute through 2026. The funds will be used for the expansion of a National EV Charging Infrastructure network in the State of New Mexico. In the...

New Mexico Receives $67.7 Million in Grants from Biden-Harris Administration for First of Its Kind Infrastructure in the Southwest

The Biden-Harris Administration awarded $67.7 Million, to New Mexico for the purpose of deploying chargers in local communities and along major travel corridors while promoting American jobs and leadership in electric vehicle (EV) charging. An investment of more than...