New Mexico offers various taxpayer-funded incentives to push expensive electric vehicles (EVs) and benefit the wealthy who can afford them, but how do these programs compare to those in other states? While New Mexico’s incentives are appealing, they thankfully lag behind more aggressive measures in other regions.
New Mexico’s Powering New Mexico initiative provides a $500 credit for installing Level 2 EV charging stations and up to $1,500 in installation assistance. For income-eligible residents, the state also offers an additional $750 rebate for purchasing a charger and up to $3,500 to help offset installation costs. Utility companies like Xcel Energy and El Paso Electric sweeten the deal with rebates for dedicated circuits and discounts for charging during off-peak hours.
The average cost of a traditional electric vehicle is $56,648, while the average electric truck costs around $74,868.
While these taxpayer-funded subsidies minimally reduce the cost of the expensive EV, which costs more to maintain, they pale in comparison to more aggressive programs in states like California and Colorado. California, for example, offers up to $7,500 in rebates through the Clean Vehicle Rebate Project (CVRP), and low-income residents can stack federal and state rebates to receive over $30,000 in total incentives. California also provides significant rebates for installing home chargers, with some local programs offering up to $2,000 for EV charging equipment.
Colorado’s rebate program is also particularly generous, offering up to $5,000 for the purchase or lease of an EV and up to $12,000 for heavy-duty electric trucks. Colorado also offers additional support for low-income residents, providing up to $6,000 toward the purchase of a new EV through its Vehicle Exchange Colorado program, along with rebates for installing home charging stations.
New Mexico’s incentives do not reach the levels seen in these states. In comparison, the Land of Enchantment’s rebate caps are relatively low.
Another key issue is the impact on taxpayers. In states like California and Colorado, EV incentives are designed to target a wide range of residents, from low-income to high-earning households. However, New Mexico’s programs seem to disproportionately benefit those who can already afford high-priced electric vehicles while leaving lower-income residents with fewer options. EVs remain expensive, and without substantial rebates, they are out of reach for many New Mexicans — but most consumers, regardless of income, are not interested in EVs despite mandates by Democrat Gov. Michelle Lujan Grisham to push them on the populous.
Additionally, New Mexico’s incentives for home charging infrastructure are smaller than those in other states, which means residents may still face significant out-of-pocket costs to install charging stations. In contrast, California’s robust local programs often cover much of the cost for home charging stations, particularly for low-income households.
They can all pound sand. NM, CA and any other state that is mandating these costly and bad for the environment battery operated cars.
I am sticking to my gas driven car. And I will pray for the future generation who thinks that the government can make decisions for them as they give up their US Constitution rights. I never have bought into their communist schemes. Remember, they shoved Obama care health insurance (very costly for many) and it was not always accessible. And they forced (not me) but many foolish people to get the so called vaccination (covid 19) that was never tested and yet many people were forced to take the jab or loose they jobs or could not attend colleges. And if you would investigate, many people were harmed or died as a result of that mandate. So MLG can just pound sand. She needs to be impeached and if nothing else, we need to get rid of the Democrat held round house and vote in conservatives that can block MLG and her comrades evil schemes.
Amen and ditto!
Couldn’t agree more!
Well said. I agree with you 100%.
Well, don’t be holding your breath for any punishment. Don’t forget that Kackala officiated at her wedding, so when she “wins” in November, Wuhan-Grisham will be looking for an admin position so she can continue to abuse NM AND the entire country.
Yep.
Why are they taking my tax dollar for someone else to buy an electric car? Let the fair market settle it. If folks want them they should pay full price, if the company fails that is on them. There should be no mandate to buy anything in NM.
Exactly!
We should not be paying any incentives for those who want to buy EVs –until the cost is feasible, this is not a viable ‘alternative’. Let the rich buy EVs at full price until the autos work well and the costs come down.
I heard only the Democrats in New Mexico will be mandated to buy EV’s.
A mandate is NOT a law.
Mandate, you own what I want you to own. This is America, not a communist, leftist, third world country. If demos win in November, we will be!
SHE IS ANOTHE HITLER I WOULD TELL HER TO STCK IT UP HER ASS
Once the Chicoms start to import cheap and inexpensive EV’s, MLG will boast how her mandates have worked.
What do you want? As we are 1st, 2nd, 3rd in the Nation Poorest, worst healthcare, dangerous streets and Fentanyl overdoses and deaths, etc etc….how can we afford to give FREE ABORTIONS and BUILD ABORTION MILLS and still give EV credits? BE real, suckers.
Moochie Loserjan needs removed from the roundhouse in handcuffs!!! She’s screwing the people and the industry that supports New Mexico! Shut down gas and oil so she can line her pockets from some far fetched idea of electric vehicles. Yeah and those rainbow colored unicorns will fart out magic dust to charge that vehicle..