EV Charge At New Mexico’s average of 16.51¢ per kWh, a Tesla Model Y costs about $45 per 1,000 miles to charge at home, or $0.045 a mile. A 30-mpg gas car spends roughly $144 on the same miles.
Electricity: EIA August 2026 · Gas: EIA week of October 12, 2026 · How we calculate
What New Mexico drivers pay to charge at home
| Vehicle (EPA efficiency) | Per 1,000 miles | Per year (12,000 mi) |
|---|---|---|
| Tesla Model Y Long Range AWD (27.5 kWh/100 mi) | $45 | $545 |
| Chevrolet Equinox EV AWD (32.6 kWh/100 mi) | $54 | $646 |
| Ford F-150 Lightning 4WD ER1 (47.9 kWh/100 mi) | $79 | $949 |
| Gas car, 30 mpg | $144 | $1,732 |
What’s going on with electricity prices in New Mexico
New Mexico electricity averaged 16.51¢ per kWh in August 2026, #25 of 51 and below the national average of 18.16¢. Over the past year it rose 3.3%.
New Mexico is in the middle of a big change: a 2019 state law, the Energy Transition Act, requires utilities to move toward carbon-free power, and the state has been closing coal plants and adding solar and wind. How that shift is paid for will shape household rates over the next decade.
New Mexico vs. its neighbors
| State | Price per kWh | Per 1,000 miles (Model Y) | vs. New Mexico |
|---|---|---|---|
| New Mexico | 16.51¢ | $45 | — |
| Utah | 13.31¢ | $37 | -19% |
| Oklahoma | 14.82¢ | $41 | -10% |
| Arizona | 15.05¢ | $41 | -9% |
| Texas | 15.91¢ | $44 | -4% |
| Colorado | 17.17¢ | $47 | +4% |
Four of New Mexico’s five neighbors pay less per kWh. Utah is the cheapest at 13.31¢; Colorado is the priciest at 17.17¢.
What popular EVs cost to charge in New Mexico
| EV | Per 1,000 miles | Per year (12,000 mi) |
|---|---|---|
| Tesla Model Y | $45 | $545 |
| Tesla Model 3 | $49 | $586 |
| Hyundai Ioniq 5 | $52 | $627 |
| Chevrolet Equinox EV | $54 | $646 |
| Ford Mustang Mach-E | $56 | $666 |
| Kia EV9 | $71 | $852 |
| Rivian R1S | $73 | $879 |
| Ford F-150 Lightning | $79 | $949 |
Home charging vs Tesla Superchargers vs gas in New Mexico
| How you fuel 1,000 miles (Tesla Model Y) | Cost |
|---|---|
| Home, New Mexico average (16.51¢/kWh) | $45 |
| Tesla Supercharger, standard rate ($0.54/kWh) | $148 |
| Tesla Supercharger, member rate (est. $0.37/kWh, $12.99/month fee) | $103 |
| Gas car, 30 mpg ($4.33/gal) | $144 |
In New Mexico, a standard-rate Supercharger session costs about 3.3 times as much per kWh as charging at home, and more than the gas a 30-mpg car burns over the same miles. Fast charging is for road trips; the savings come from charging at home.
How to pay less to charge in New Mexico
PNM serves Albuquerque and much of the state, El Paso Electric serves the south, and Southwestern Public Service covers the east, along with cooperatives in rural areas. New Mexico is not a retail-choice state. Check your utility’s time-of-use options, especially if you’re in an area with a lot of midday solar.
PNM, El Paso Electric and SPS publish their residential and time-of-use rates. Test yours in the EV charging cost calculator.
New Mexico EV charging FAQ
How much does it cost to charge an EV in New Mexico per month?
At the New Mexico average of 16.51¢ per kWh, 1,000 miles a month costs about $45 in a Tesla Model Y, $54 in a Chevrolet Equinox EV and $79 in a Ford F-150 Lightning, charging at home.
Is it cheaper to charge an EV than to buy gas in New Mexico?
Yes, if you charge at home. A Model Y driving 12,000 miles a year costs about $545 to charge here, against about $1,732 in gas for a 30-mpg car, a difference of roughly $1,190 a year.
How much does a Tesla Supercharger cost in New Mexico?
The average standard (non-member) peak price at New Mexico Superchargers open to all EVs was $0.54 per kWh in October 2026 (DCFC Tracker). That’s about $148 per 1,000 miles in a Model Y, against $45 at home.
When is the cheapest time to charge in New Mexico?
On a standard flat-rate plan the hour doesn’t matter. On a time-of-use plan, the cheapest hours are usually overnight; our time-of-use guide explains how to check your plan. To use your exact rate, try the EV charging cost calculator.