Molly Ayala
Electric vehicles (EVs) are rapidly growing in popularity in the United States, with over a million sold in 2023. In New Mexico, however, they are less common. As of May 31, 2023, only 0.8% of all vehicles in the state were electric, according to data from the Taxation and Revenue Department. This low number may be due in part to the lack of charging infrastructure in the state, especially in rural and southeastern areas. To address this issue, the Biden-Harris Administration has awarded New Mexico $67.7 million to deploy chargers in local communities and along major travel corridors.
| Characteristics | Values |
|---|---|
| Percentage of registered vehicles that are electric | 0.15% or 0.8% |
| Total registered electric vehicles | 2,620 |
| Number of statewide charging stations | 187 |
| Number of charging ports per 100 EVs | 17.4 |
| Number of light-duty electric vehicle registrations in 2023 | 0 |
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What You'll Learn
- Electric vehicles make up 0.8% of all vehicles in New Mexico
- New Mexico has 2,620 registered electric vehicles
- There are 187 charging stations in the state
- New Mexico received $38.3 million in NEVI Formula funding for EV charging stations
- The Biden-Harris Administration awarded New Mexico $67.7 million for EV chargers
Electric vehicles make up 0.8% of all vehicles in New Mexico
Electric vehicles (EVs) currently make up 0.8% of all vehicles in New Mexico, according to data from May 2023. This low figure can be attributed to several factors, including the lack of public charging infrastructure and the higher average cost of EVs compared to traditional gas-powered vehicles.
New Mexico has faced challenges in establishing a robust network of EV charging stations, particularly in rural and southeastern parts of the state. This lack of charging availability is a significant deterrent for potential EV buyers, who worry about the range of their vehicles and the availability of functioning chargers. The state has recognized this issue, and efforts are being made to address it. For example, the Biden-Harris Administration has awarded $67.7 million to New Mexico to deploy chargers in local communities and along major travel corridors. Additionally, Santa Fe, NM, received $38.3 million in NEVI Formula funding to support the development of EV charging infrastructure through 2026.
The high cost of electric vehicles is another factor contributing to their low adoption rate in New Mexico. The average price of a new EV is about $60,000, while the average annual income for a New Mexican is around $54,400. Studies have shown that most EV buyers have an annual income exceeding $150,000, indicating that EVs are more accessible to higher-income earners.
Despite these challenges, the EV market in New Mexico and the wider US is growing. Global EV sales reached 6.6 million in 2021, a more than threefold increase from 2020. In the US, consumer satisfaction with EVs is high, with 80% of EV owners likely to purchase another EV due to factors such as ease of charging, driving enjoyment, and low ownership costs. As the market expands, prices may become more competitive, and technological advancements will likely lead to improved range and performance.
Governor Michelle Lujan Grisham is also taking steps to make New Mexico more eco-friendly. She has proposed that automakers deliver more zero-emission vehicles for sale, with a goal of 43% of 2027 models meeting clean car standards. This initiative, along with continued improvements in EV technology and infrastructure, could significantly increase the adoption of electric vehicles in New Mexico in the coming years.
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New Mexico has 2,620 registered electric vehicles
Electric vehicles (EVs) are becoming an increasingly popular mode of transport in the United States, with the consumer market for them rapidly growing. As of 2022, New Mexico had 2,620 registered electric vehicles, which is approximately 0.8% of all vehicles in the state. This figure is expected to rise, as the US market for electric vehicles continues to expand. In the third quarter of 2023, EV and hybrid sales amounted to 18% of US light-duty vehicle sales, with Americans buying one million fully electric vehicles in that year.
The low number of electric vehicles in New Mexico may be due, in part, to the lack of charging infrastructure in the state. As of 2022, New Mexico had 187 charging stations and 17.4 charging ports per 100 EVs. In 2021, the Biden-Harris Administration awarded $67.7 million to New Mexico to deploy chargers in local communities and along major travel corridors. This investment will hopefully encourage more people in New Mexico to purchase electric vehicles, as the lack of public charging availability is one of the main reasons people do not consider buying an EV.
The price of electric vehicles is also a factor that may be preventing people in New Mexico from purchasing them. The average price of a new electric vehicle is about $60,000, while the average New Mexican makes $54,400 per year. Studies have shown that most people who buy electric vehicles have an annual income of over $150,000. However, the high cost of electric vehicles is not a reflection of their popularity, as consumer satisfaction with EVs is very high. 80% of EV owners are likely to buy another one due to the ease of charging at home, driving enjoyment, vehicle quality and reliability, and the low cost of ownership.
Despite the challenges of increasing electric vehicle adoption in New Mexico, the state is making efforts to become more eco-friendly. Governor Michelle Lujan Grisham has proposed requiring automakers to deliver more zero-emission vehicles for sale, with 43% of 2027 models meeting clean car standards. As the number of electric vehicles on the road continues to grow, it is expected that gas-powered vehicle sales will decrease.
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There are 187 charging stations in the state
As of 2022, there are 187 electric vehicle charging stations in New Mexico. This is a small number compared to the number of gas stations in the state, and it reflects the relatively low number of electric vehicles in New Mexico, which make up less than 1% of all vehicles. In May 2022, there were 2,620 registered electric vehicles in the state, or 0.15% of all vehicles.
The lack of charging stations is one of the main reasons people in New Mexico do not consider buying an electric vehicle. Other concerns include the range of electric vehicles, the availability and reliability of chargers, and the time it takes to charge them. However, the US consumer market for electric vehicles is growing rapidly. In 2021, global EV sales reached 6.6 million, a more than threefold increase over the previous year. In the third quarter of 2023, EV and hybrid sales accounted for 18% of US light-duty vehicle sales, and Americans bought one million fully electric vehicles in that year.
To address the lack of charging stations, the Biden-Harris Administration awarded $67.7 million to New Mexico to deploy chargers in local communities and along major travel corridors. The New Mexico Department of Transportation (NMDOT) also received $38.3 million in NEVI Formula funding to be distributed through 2026. This investment in charging infrastructure, along with the increasing consumer satisfaction with electric vehicles, may lead to a large-scale adoption of electric vehicles in New Mexico.
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New Mexico received $38.3 million in NEVI Formula funding for EV charging stations
Electric vehicles (EVs) are becoming increasingly popular in the United States, with global sales reaching 6.6 million in 2021, a more than threefold rise over the previous year. In the third quarter of 2023, EV and hybrid sales accounted for 18% of US light-duty vehicle sales, with Americans buying one million fully electric vehicles in that year. This shift towards EVs is also reflected in New Mexico, where there were 2,620 registered electric vehicles in 2022, representing 0.15% of all registered vehicles in the state.
To support this growing trend and encourage further adoption of electric vehicles, New Mexico received $38.3 million in NEVI Formula funding for EV charging stations. This funding was awarded to the New Mexico Department of Transportation (NMDOT) and will be distributed through 2026. The money will be used to expand the state's EV charging infrastructure, making it more convenient for residents to own and operate electric vehicles.
In the first round of funding distributions, NMDOT received 17 applications and awarded $11.9 million to six entities. This initial investment will result in the addition of 20 locations and 84 new EV chargers across New Mexico. The state plans to build out fast-charging infrastructure along major highways, including I-25, I-40, and I-10.
The NEVI funding for New Mexico is part of a broader initiative to promote American leadership in EV charging and create jobs. The Biden-Harris Administration has awarded a total of $67.7 million to the state for deploying chargers in local communities and along travel corridors. Additionally, Governor Michelle Lujan Grisham and the state legislature appropriated an additional $10 million of American Rescue Plan Act funds for EV charging stations, demonstrating New Mexico's commitment to a greener future.
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The Biden-Harris Administration awarded New Mexico $67.7 million for EV chargers
The Biden-Harris Administration has awarded New Mexico $67.7 million in grants to fund the construction of EV chargers. This funding is part of a broader initiative to establish a national network of EV charging stations across the United States, with a goal of installing at least 500,000 publicly available chargers by 2030. The New Mexico Department of Transportation (NMDOT) will install over 40 EV chargers statewide and two EV charging centres for medium and heavy-duty commercial EVs travelling along I-10. The electrification of I-10 with two medium and heavy-weight vehicle stations will transform travel on this New Mexico highway.
The Town of Taos will receive $500,000 to install the first six publicly available fast EV chargers in the parking lots of three community buildings, including the Taos Visitor Center, a UNESCO World Heritage Site and National Historic Landmark. Santa Fe County will also receive funding to support EV charging infrastructure. These grants will result in over $84 million in infrastructure development along I-10 and in the communities of Lordsburg and Vado.
The funding for New Mexico is part of the Bipartisan Infrastructure Law's $2.5 billion Charging and Fueling Infrastructure (CFI) Discretionary Grant Program. This program will fund 47 EV charging and alternative-fuelling infrastructure projects in 22 states and Puerto Rico, including the construction of approximately 7,500 EV charging ports. The CFI program complements the $5 billion National Electric Vehicle Infrastructure (NEVI) formula program, which aims to build a "backbone" of high-speed EV chargers along highways.
The Biden-Harris Administration's commitment to EV charging infrastructure is aligned with the goal of reducing carbon pollution and addressing the climate crisis. The funding will also promote American jobs and leadership in EV charging technology, ensuring that EVs are made in America by American workers. This investment in EV charging infrastructure is a critical step towards encouraging wider adoption of electric vehicles and reducing transportation emissions, which currently account for about a third of U.S. greenhouse gas emissions.
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Frequently asked questions
0.8% as of May 31, 2023.
2,620 as of 2021.
New Mexico ranks 34th overall in the US for the number of registered electric vehicles. California, Florida, and Texas have the highest number of electric vehicle registrations.
0.15% of registered vehicles are electric in New Mexico.
The average price of a new electric vehicle in New Mexico is $60,000, while the average annual income of an electric vehicle buyer is over $150,000.
