EV charging cost in New Mexico
EV vs gas cost in New Mexico
Regular gas is $3.89 a gallon (Gulf Coast average, week of 2026-10-19) and home electricity is 16.51¢/kWh (2026-08). A typical EV (31.5 kWh per 100 miles) saves about $931 a year against a 30 MPG car.
Gas is down 6.6¢ since last week. Prices for the week of October 19, 2026.
Fuel cost for 1,000 miles a month
| Car | Per mile | Per month | Per year | EV saves per year |
|---|---|---|---|---|
| Typical EV, home charging | $0.052 | $52 | $624 | – |
| 25 MPG gas car | $0.156 | $156 | $1,866 | $1,242 |
| 30 MPG gas car | $0.130 | $130 | $1,555 | $931 |
| 35 MPG gas car | $0.111 | $111 | $1,333 | $709 |
Questions about EV vs gas in New Mexico
Is an EV cheaper to fuel in New Mexico?
Yes. At $3.89/gal a 30 MPG car costs $0.130 per mile in gas. A typical EV charged at home costs $0.052 per mile at 16.51¢/kWh. Over 12,000 miles that is $931 a year.
How much fuel does a typical driver use?
At 1,000 miles a month a 30 MPG car burns 33 gallons a month, 400 a year. A typical EV uses 315 kWh of electricity for the same miles.
Is gas in New Mexico expensive compared with other states?
New Mexico ranks #6 of 51, where 1 is the cheapest gas. Prices run from $3.81 in Texas to $6.15 in California. The higher the gas price, the sooner an EV's purchase premium pays back.