Cost to charge an EV in New Mexico (2026)
New Mexico's home electricity price is 15.15¢/kWh. Charging a typical EV runs about $52/month ($618/year), which makes it the 17th cheapest of the 50 states and DC.
Set it to your car
New Mexico · 15.15¢/kWh
$52 /mo
$618 a year to charge at home
- Cost per 100 miles
- $4.55
- Like paying for gas at
- $1.36/gal
- Gas car (30 mpg)
- $1,768/yr
- The EV saves
- +$1,150/yr
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Home charging; public fast charging costs more. Electricity prices: EIA, April 2026.
New Mexico EV charging, by the numbers
- Residential electricity price
- 15.15¢/kWh
- Cost to drive 100 miles
- $4.55
- Gas-equivalent price
- $1.36/gal
- Home charging, per month
- $52
- Home charging, per year
- $618
- Gas car (30 mpg), per year
- $1,768
- The EV saves, per year
- +$1,150
- National rank
- #17 of 51
At 15.15¢/kWh, New Mexico's residential electricity price sits below the US average of 18.83¢/kWh. Charging a typical EV (13,600 mi/yr at 30 kWh/100 mi) at home costs about $52/month here, versus about $64/month at the national average. That works out to $4.55 per 100 miles, or a gas-equivalent $1.36/gallon next to a $3.90 pump price for a 30 mpg car.
New Mexico ranks #17 of the 50 states and DC, cheapest to priciest. The cheapest is North Dakota at $3.71 per 100 miles; the most expensive is Hawaii at $13.99.
Compare New Mexico with other states
Frequently asked questions
How much does it cost to charge an EV in New Mexico?
At New Mexico's residential electricity price of 15.15¢/kWh and typical driving (about 13,600 miles a year at 30 kWh/100 miles), charging a typical EV at home costs roughly $52 a month, about $618 a year. Public DC fast charging costs more.
Is it cheaper to charge an EV or buy gas in New Mexico?
For home charging, yes. Charging runs about $618 a year in New Mexico versus roughly $1,768 in gasoline for a 30 mpg car at $3.90 a gallon, a difference of about $1,150 a year.
What is the gas-equivalent price of charging in New Mexico?
About $1.36 per gas-equivalent gallon: the electricity to drive as far as one gallon of gas carries a 30 mpg car. Compare that to the $3.90 pump price. Driving 100 miles on electricity costs about $4.55 here.
Electricity price for New Mexico: US Energy Information Administration, Electric Power Monthly, Table 5.6.A, April 2026. Charging and gas figures are estimates for typical US driving; see how the numbers are built. Home charging; public fast charging costs more.