EV Charging Costs in New Mexico
At 14.05¢/kWh, New Mexico is 13% below the national average (16.11¢/kWh). Ranked #27 cheapest out of 51.
Data: EIA residential electricity rates · EPA vehicle efficiency · March 2026
Calculate Your Costs in New Mexico
These links open our calculators with New Mexico's electricity rate pre-selected — customize with your actual vehicle and driving habits.
Similar States by Electricity Rate
| State | Rate | Monthly Cost | 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 |
EV Charging in New Mexico: What You Need to Know
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/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/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 20-40% of the battery, so a typical overnight charge costs $2.53 to $3.37.
Frequently Asked Questions
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/day, monthly charging costs are about $36.88.