What is the average electricity rate in New Mexico?

16.51¢ per kilowatt-hour for residential customers in August 2026, per EIA's Electric Power Monthly.

Is it cheaper to charge at home or use public chargers?

Home charging at the residential rate is almost always cheaper. Public DC fast charging is typically priced several times higher per kilowatt-hour.

Does my utility offer a cheaper EV rate?

Many do, and in high-rate states the overnight EV rate can be less than half the state average used here. It is worth checking your utility's rate schedule before assuming the average applies to you.

Home › States › New Mexico

EV charging costs in New Mexico

Residential electricity in New Mexico averaged 16.51¢ per kilowatt-hour in August 2026, 9% below the national average. Across 70 current electric cars, a year of home charging runs from $487 (2027 Lucid Air Pure RWD) to $1,343 (2025 GMC Hummer EV SUV 2X).

Rate: 16.51¢
A year ago: 15.98¢
U.S. average: 18.16¢
Rank: 25th most expensive

Assumptions: 12,000 miles a year, home Level 2 charging, and EPA combined consumption measured at the wall (so charging losses are already included). Gasoline comparison uses $3.50 a gallon at 30 MPG. Change any of these in the calculator.

Every model, cheapest first

Vehicle	mi/kWh	Per mile	Full charge	Per year
2027 Lucid Air Pure RWD	4.06	4.1¢	$17.07	$487
2025 Tesla Model 3 Long Range RWD	4.06	4.1¢	$14.76	$487
2027 Toyota bZ	3.90	4.2¢	$13.31	$509
2027 Lucid Air Touring AWD	3.81	4.3¢	$18.67	$519
2025 Tesla Model 3 Long Range AWD	3.79	4.4¢	$15.07	$523
2027 Audi A6 e-tron ultra	3.78	4.4¢	$17.25	$525
2027 Toyota bZ LIMITED	3.72	4.4¢	$13.26	$533
2026 Lexus ES 350e	3.67	4.5¢	$13.82	$541
2026 Lexus RZ 350e FWD	3.65	4.5¢	$13.60	$543
2027 Subaru Solterra AWD	3.58	4.6¢	$13.29	$555
2027 Toyota bZ AWD	3.57	4.6¢	$13.31	$555
2027 Lucid Air G Touring XR AWD	3.54	4.7¢	$23.87	$559
2027 Audi A6 e-tron quattro ultra	3.48	4.7¢	$17.09	$569
2027 Kia EV3 Long Range FWD	3.45	4.8¢	$15.37	$575
2027 Mercedes-Benz CLA250 Plus with EQ Tech	3.45	4.8¢	$17.91	$575
2027 Mercedes-Benz CLA350 4matic with EQ Tech	3.45	4.8¢	$14.94	$575
2026 Audi Q4 45 e-tron	3.40	4.9¢	$13.98	$582
2026 BMW i4 eDrive40 Gran Coupe	3.35	4.9¢	$16.39	$590
2026 Volkswagen ID.4	3.36	4.9¢	$14.31	$590
2027 Hyundai Ioniq 5 RWD	3.33	5.0¢	$15.75	$594
2025 Polestar 2 Single Motor	3.31	5.0¢	$15.67	$598
2027 Audi A6 e-tron	3.30	5.0¢	$17.43	$600
2026 Volvo EC40	3.16	5.2¢	$15.59	$628
2027 Audi A6 e-tron quattro	3.13	5.3¢	$17.27	$634
2027 Lucid Air Sapphire AWD	3.11	5.3¢	$22.65	$636
2027 Chevrolet Blazer EV FWD	3.10	5.3¢	$16.63	$640
2026 Honda Prologue FWD	3.07	5.4¢	$16.54	$644
2027 Hyundai Ioniq 5 AWD	3.02	5.5¢	$15.83	$656
2026 Porsche Macan Electric	3.00	5.5¢	$18.28	$660
2026 Honda Prologue AWD Touring	2.93	5.6¢	$16.54	$676
2026 Porsche Macan 4 Electric	2.93	5.6¢	$18.28	$678
2025 Nissan ARIYA EVOLVE+ FWD 87kWh	2.91	5.7¢	$16.39	$682
2026 Genesis Electrified G80	2.86	5.8¢	$17.34	$693
2025 Chevrolet Blazer EV RWD	2.83	5.8¢	$19.48	$699
2026 Dodge Charger Daytona R/T AWD 255/45R20	2.81	5.9¢	$17.34	$705
2026 Lucid Gravity Dream	2.75	6.0¢	$25.23	$721
2026 Porsche Macan GTS Electric	2.72	6.1¢	$17.81	$727
2026 Cadillac LYRIQ	2.72	6.1¢	$19.83	$729
2027 Cadillac LYRIQ 11kW Charger	2.72	6.1¢	$19.81	$729
2027 Cadillac LYRIQ 19kW Charger	2.72	6.1¢	$19.81	$729
2026 Porsche Macan 4S Electric	2.72	6.1¢	$17.62	$729
2026 Acura ZDX RWD	2.71	6.1¢	$19.89	$731
2026 Porsche Macan Turbo Electric	2.71	6.1¢	$17.83	$731
2026 Acura ZDX AWD	2.65	6.2¢	$20.11	$747
2026 Jeep Wagoneer S AWD	2.66	6.2¢	$18.28	$747
2026 Polestar 3 Long Range Dual Motor	2.53	6.5¢	$20.37	$783
2026 Cadillac LYRIQ AWD	2.52	6.6¢	$19.86	$787
2027 Chevrolet Blazer EV AWD SS	2.52	6.6¢	$19.78	$787
2026 Acura ZDX AWD Type S	2.46	6.7¢	$19.83	$804
2026 Cadillac CELESTIQ	2.40	6.9¢	$20.85	$826
2027 Rolls-Royce Spectre	2.37	7.0¢	$22.55	$836
2027 Rolls-Royce Spectre Black Badge	2.37	7.0¢	$22.55	$836
2025 Mercedes-Benz AMG EQS 4matic Plus	2.33	7.1¢	$22.29	$848
2026 Tesla Cybertruck AWD	2.33	7.1¢	$23.01	$850
2026 Tesla Cybertruck Dual Motor AWD	2.33	7.1¢	$23.05	$850
2026 Rivian R1S All-Terrain Dual Max	2.31	7.1¢	$26.40	$856
2026 Tesla Cybertruck Long Range	2.31	7.2¢	$23.97	$860
2026 Rivian R1S All-Terrain Dual Large	2.25	7.3¢	$21.17	$880
2026 Rivian R1S All-Terrain Performance Dual Large	2.25	7.3¢	$21.17	$880
2026 Rivian R1S All-Terrain Dual Large Plus	2.13	7.7¢	$22.60	$929
2026 Rivian R1S All-Terrain Performance Dual Large Plus	2.13	7.7¢	$22.60	$929
2025 Ford F-150 Lightning 4WD ER2	2.13	7.8¢	$23.26	$931
2025 Ford F-150 Lightning 4WD ER1	2.09	7.9¢	$25.31	$949
2025 Ford F-150 Lightning 4WD PRO ER1	2.09	7.9¢	$25.31	$949
2025 Ford F-150 Lightning Platinum 4WD	1.97	8.4¢	$25.11	$1,004
2025 GMC Sierra EV	1.91	8.7¢	$33.71	$1,038
2025 GMC Hummer EV Pickup 3X	1.48	11.2¢	$34.89	$1,341
2025 GMC Hummer EV SUV 3X	1.48	11.2¢	$34.89	$1,341
2025 GMC Hummer EV Pickup 2X	1.47	11.2¢	$35.60	$1,343
2025 GMC Hummer EV SUV 2X	1.47	11.2¢	$35.27	$1,343

A 30 MPG gasoline car covering the same 12,000 miles costs $1,400 a year in fuel at $3.50 a gallon, so in New Mexico the average electric car on this list is $658 a year cheaper to fuel.

Questions

What is the average electricity rate in New Mexico?: 16.51¢ per kilowatt-hour for residential customers in August 2026, per EIA's Electric Power Monthly.
Is it cheaper to charge at home or use public chargers?: Home charging at the residential rate is almost always cheaper. Public DC fast charging is typically priced several times higher per kilowatt-hour.
Does my utility offer a cheaper EV rate?: Many do, and in high-rate states the overnight EV rate can be less than half the state average used here. It is worth checking your utility's rate schedule before assuming the average applies to you.