MONTHLY CHARGING
$37/mo
EV Charging Costs in New Mexico
At 14.05¢/kWh, New Mexico is 13% below the national average (16.11¢/kWh). Ranked number 27 cheapest out of 51.
35 mi
5 mi120 mi
State rate locked at 14.1¢/kWh (EIA residential average).
New Mexico savings
YOU SAVE$1,148/year
In New Mexico, versus a 28 MPG gas car at $3.50/gal. Over 5 years, that is $5,741.
72%
FUEL CUT
ANNUAL SAVINGS
$1,148/yr
COST PER MILE
$0.035 EV
GAS
$0.13
EV
$0.04
5 YEAR SAVINGS
$5,741 total
Live savings meter
GAS/yr
SAVES
/yr
EV/yr
Similar states by rate
| State | Rate | Monthly | Rank |
|---|---|---|---|
| New Mexico (you) | 14.05¢ | $36.88 | #27 |
| Ohio | 13.62¢ | $35.75 | #24 |
| South Carolina | 13.68¢ | $35.91 | #25 |
| Iowa | 14.02¢ | $36.80 | #26 |
| Kansas | 14.09¢ | $36.99 | #28 |
| Florida | 14.13¢ | $37.09 | #29 |
What the rate means for you
New Mexico's residential electricity rate of 14.05¢/kWh is 13% below the national average. For a typical EV owner driving 35 miles per day, this translates to about $36.88 per month in charging costs, or $442.58 annually. Compared to fueling a 28 MPG gas car at $3.50 per gallon, you save $1,132 per year.
At $0.035 per mile for electricity versus $0.125 per mile for gas, driving electric in New Mexico costs 72% less per mile. Over 5 years of typical driving (12,775 miles per year), that adds up to $5,662 in fuel savings alone, before accounting for reduced maintenance costs.
A full charge on a Tesla Model 3 (60 kWh battery, 272 miles of range) costs $8.43 in New Mexico. Most daily charging sessions only use 20 to 40 percent of the battery, so a typical overnight charge costs $2.53 to $3.37.
FAQ
Frequently asked
At New Mexico's average residential rate of 14.05¢/kWh, charging a Tesla Model 3 (60 kWh battery) from empty costs $8.43. For a typical driver covering 35 miles per day, monthly charging costs are about $36.88.