---
title: "New Mexico Electricity Rates & Cost to Charge an EV (August 2026)"
description: "Charging an EV in New Mexico costs about $5.53 per 100 miles and $62.22 a month at 16.51¢/kWh (EIA, August 2026). Rank #27 of 51, with costs for popular EV models."
url: https://evchargecosts.com/states/new-mexico/
updated: 2026-10-26
---

# New Mexico electricity rates and EV charging cost

At **16.51¢/kWh** — New Mexico's average residential electricity price in August 2026 — charging a typical EV costs about **$5.53 per 100 miles** and **$62.22 a month** for 13,500 miles a year. That is 9% below the U.S. average of 18.16¢. That is up from 16.09¢ in July 2026.

- **Electricity price:** 16.51¢ (per kWh, −9% vs U.S.)
- **Per 100 miles:** $5.53 (33.5 kWh/100 mi EV)
- **Rank:** #27 (of 51, 1 is cheapest)
- **Per month:** $62.22 (13,500 miles a year)

More models are in the [full calculator](https://evchargecosts.com/).

## Electricity price trend in New Mexico

Average residential price, cents per kWh, last 13 months (EIA).

## EV vs gas in New Mexico

Regular gasoline averaged **$3.784 a gallon** in the Gulf Coast region in the week of October 19, 2026 (EIA). A 30 mpg car costs $12.61 per 100 miles, versus $5.53 for a typical EV — $956.14 a year in favor of the EV.

[Compare EV and gas costs in New Mexico](https://evchargecosts.com/ev-vs-gas/?state=NM)

## Charging cost for popular EVs in New Mexico

At 16.51¢/kWh and 13,500 miles a year. Select a model for trims, charging time and nearby states.

**Monthly home charging cost in New Mexico at 16.51¢/kWh, 13,500 miles a year**

| Vehicle | kWh/100 mi | Per 100 miles | Per month | Full charge |
| --- | --- | --- | --- | --- |
| [Tesla Model Y](https://evchargecosts.com/states/new-mexico/tesla-model-y/) | 26.9 | $4.44 | $49.89 | $14.95 |
| [Tesla Model 3](https://evchargecosts.com/states/new-mexico/tesla-model-3/) | 26.4 | $4.35 | $48.99 | $15.07 |
| [Tesla Model S](https://evchargecosts.com/states/new-mexico/tesla-model-s/) | 32.5 | $5.36 | $60.34 | $18.67 |
| [Tesla Model X](https://evchargecosts.com/states/new-mexico/tesla-model-x/) | 34.2 | $5.65 | $63.61 | $18.60 |
| [Tesla Cybertruck](https://evchargecosts.com/states/new-mexico/tesla-cybertruck/) | 42.9 | $7.08 | $79.69 | $23.02 |
| [Chevrolet Equinox EV](https://evchargecosts.com/states/new-mexico/chevrolet-equinox-ev/) | 32.6 | $5.39 | $60.58 | $16.53 |
| [Chevrolet Blazer EV](https://evchargecosts.com/states/new-mexico/chevrolet-blazer-ev/) | 35.6 | $5.88 | $66.20 | $16.65 |
| [Chevrolet Silverado EV](https://evchargecosts.com/states/new-mexico/chevrolet-silverado-ev/) | 49.6 | $8.18 | $92.04 | $23.40 |
| [Ford Mustang Mach-E](https://evchargecosts.com/states/new-mexico/ford-mustang-mach-e/) | 33.6 | $5.55 | $62.47 | $13.33 |
| [Ford F-150 Lightning](https://evchargecosts.com/states/new-mexico/ford-f-150-lightning/) | 47.9 | $7.91 | $88.99 | $25.31 |
| [Hyundai Ioniq 5](https://evchargecosts.com/states/new-mexico/hyundai-ioniq-5/) | 34.5 | $5.70 | $64.07 | $15.32 |
| [Hyundai Ioniq 6](https://evchargecosts.com/states/new-mexico/hyundai-ioniq-6/) | 28.0 | $4.62 | $52.01 | $14.61 |
| [Hyundai Kona Electric](https://evchargecosts.com/states/new-mexico/hyundai-kona-electric/) | 29.1 | $4.80 | $54.02 | $12.53 |
| [Kia EV6](https://evchargecosts.com/states/new-mexico/kia-ev6/) | 31.6 | $5.21 | $58.66 | $15.38 |
| [Kia EV9](https://evchargecosts.com/states/new-mexico/kia-ev9/) | 40.0 | $6.60 | $74.30 | $18.69 |
| [Honda Prologue](https://evchargecosts.com/states/new-mexico/honda-prologue/) | 34.1 | $5.63 | $63.29 | $16.54 |
| [Rivian R1S](https://evchargecosts.com/states/new-mexico/rivian-r1s/) | 43.1 | $7.12 | $80.10 | $22.57 |
| [Rivian R1T](https://evchargecosts.com/states/new-mexico/rivian-r1t/) | 43.1 | $7.12 | $80.10 | $22.57 |
| [Cadillac Lyriq](https://evchargecosts.com/states/new-mexico/cadillac-lyriq/) | 38.0 | $6.27 | $70.55 | $20.00 |
| [Volkswagen ID.4](https://evchargecosts.com/states/new-mexico/volkswagen-id-4/) | 31.6 | $5.22 | $58.69 | $10.75 |
| [Nissan Leaf](https://evchargecosts.com/states/new-mexico/nissan-leaf/) | 30.4 | $5.02 | $56.51 | $7.48 |
| [Nissan Ariya](https://evchargecosts.com/states/new-mexico/nissan-ariya/) | 35.3 | $5.83 | $65.55 | $11.95 |
| [Toyota bZ](https://evchargecosts.com/states/new-mexico/toyota-bz/) | 28.0 | $4.62 | $52.00 | $13.31 |
| [Subaru Solterra](https://evchargecosts.com/states/new-mexico/subaru-solterra/) | 28.9 | $4.78 | $53.72 | $13.27 |
| [BMW i4](https://evchargecosts.com/states/new-mexico/bmw-i4/) | 33.4 | $5.52 | $62.05 | $15.83 |
| [Lucid Air](https://evchargecosts.com/states/new-mexico/lucid-air/) | 27.3 | $4.51 | $50.72 | $17.85 |

## New Mexico vs neighboring states

New Mexico and its neighbors are outlined on the map.

**Electricity price and EV charging cost: New Mexico and neighbors, August 2026**

| State | Electricity (¢/kWh) | Per 100 miles | Per month |
| --- | --- | --- | --- |
| [Utah](https://evchargecosts.com/states/utah/) | 13.31 | $4.46 | $50.16 |
| [Oklahoma](https://evchargecosts.com/states/oklahoma/) | 14.82 | $4.96 | $55.85 |
| [Arizona](https://evchargecosts.com/states/arizona/) | 15.05 | $5.04 | $56.72 |
| [Texas](https://evchargecosts.com/states/texas/) | 15.91 | $5.33 | $59.96 |
| [New Mexico](https://evchargecosts.com/states/new-mexico/) | 16.51 | $5.53 | $62.22 |
| [Colorado](https://evchargecosts.com/states/colorado/) | 17.17 | $5.75 | $64.71 |

## Monthly electricity prices in New Mexico

**Average residential electricity price in New Mexico by month (EIA)**

| Month | Price (¢/kWh) | EV cost per 100 miles |
| --- | --- | --- |
| August 2026 | 16.51 | $5.53 |
| July 2026 | 16.09 | $5.39 |
| June 2026 | 15.06 | $5.05 |
| May 2026 | 14.12 | $4.73 |
| April 2026 | 15.15 | $5.08 |
| March 2026 | 14.81 | $4.96 |
| February 2026 | 15.07 | $5.05 |
| January 2026 | 14.70 | $4.92 |
| December 2025 | 14.47 | $4.85 |
| November 2025 | 15.38 | $5.15 |
| October 2025 | 14.72 | $4.93 |
| September 2025 | 16.26 | $5.45 |
| August 2025 | 15.98 | $5.35 |

## Questions people ask

### How much does it cost to charge an EV in New Mexico?

About $5.53 per 100 miles, $62.22 a month or $746.66 a year for 13,500 miles, at 16.51¢/kWh for an EV using 33.5 kWh/100 mi.

### What is the average electricity price in New Mexico?

16.51 cents per kWh for residential customers in August 2026, according to the U.S. Energy Information Administration. That is 9% below the U.S. average of 18.16¢.

### Is it cheaper to drive an EV than a gas car in New Mexico?

On fuel, yes: about $746.66 a year for the EV versus $1,702.80 for a 30 mpg gas car at $3.784/gal (EIA Gulf Coast average).

### How does New Mexico compare with neighboring states?

Arizona, Oklahoma, Texas, Utah have lower residential electricity prices than New Mexico.

---
Source page: https://evchargecosts.com/states/new-mexico/
Data: EIA (electricity August 2026, gasoline 2026-10-19), EPA fueleconomy.gov. License: CC BY 4.0.