MONTHLY CHARGING
$40/mo
EV Charging Costs in New Mexico
At 15.08¢/kWh, New Mexico is 17% below the national average (18.19¢/kWh). Ranked number 18 cheapest out of 51.
35 mi
5 mi120 mi
State rate locked at 15.1¢/kWh (EIA residential average).
New Mexico savings
YOU SAVE$1,471/year
In New Mexico, versus a 28 MPG gas car at $4.28/gal. Over 5 years, that is $7,356.
75%
FUEL CUT
ANNUAL SAVINGS
$1,471/yr
COST PER MILE
$0.038 EV
GAS
$0.15
EV
$0.04
5 YEAR SAVINGS
$7,356 total
Live savings meter
GAS1,953/yr
SAVES
1,471
/yr
EV482/yr
Similar states by rate
| State | Rate | Monthly | Rank |
|---|---|---|---|
| New Mexico (you) | 15.08¢ | $40.13 | #18 |
| Washington | 14.4¢ | $38.33 | #15 |
| South Dakota | 14.5¢ | $38.59 | #16 |
| North Carolina | 14.94¢ | $39.76 | #17 |
| Mississippi | 15.19¢ | $40.43 | #19 |
| Kansas | 15.21¢ | $40.48 | #20 |
What the rate means for you
New Mexico's residential electricity rate of 15.08¢/kWh is 17% below the national average. For a typical EV owner driving 35 miles per day, this translates to about $40.13 per month in charging costs, or $481.62 annually. Compared to fueling a 28 MPG gas car at the US average of $4.28 per gallon, you save $1,471 per year.
At $0.038 per mile for electricity versus $0.153 per mile for gas, driving electric in New Mexico costs 75% less per mile. Over 5 years of typical driving (12,775 miles per year), that adds up to $7,356 in fuel savings alone, before accounting for reduced maintenance costs.
A full charge on a 2026 Tesla Model 3 Premium RWD (75 kWh battery, 363 miles of range) costs $11.31 in New Mexico. Most daily charging sessions only use 20 to 40 percent of the battery, so a typical overnight charge costs $3.39 to $4.52.
FAQ
Frequently asked
At New Mexico's average residential rate of 15.08¢/kWh, charging a 2026 Tesla Model 3 Premium RWD (75 kWh battery) from empty costs $11.31. For a typical driver covering 35 miles per day, monthly charging costs are about $40.13.