New Mexicans will save $300 million from vehicle lifetime fuel savings and lower maintenance costs by 2050, according to new state rules
Albuquerque, N.M.—The Environmental Improvement Board (EIB) and the Albuquerque Bernalillo County Air Quality Control Board (AQCB) adopted advanced clean vehicles rules earlier this month after a joint public hearing.
Their independent approval of these rules ensure New Mexicans and New Mexico businesses will have access to a wide variety of electric, hybrid, and hydrogen passenger and commercial vehicles in the coming years. The rules require national auto manufacturers to ship an increasing percentage of such vehicles to New Mexico auto dealerships.
Starting in calendar year 2026, 43% of all new passenger cars and light-duty trucks shipped to New Mexico auto dealerships by national auto manufacturers must be zero emission vehicles. Similarly, beginning in calendar year 2026, 15% of all new commercial heavy-duty trucks shipped to New Mexico auto dealerships by national auto manufacturers must be zero emission vehicles. These percentages gradually increase over time.
New Mexico has invested over $11.5 million in electric vehicle charging stations from state and federal funding sources and received an additional $38 million in U.S. Department of Transportation federal grants. Starting in January 2024, New Mexicans who purchase a qualifying new or used electric vehicle will have immediate savings of up to $7,500 at the point of sale. This federal change eliminates the need to wait until tax return season to receive the federal tax credit.