Get Up to $3,000 Credit to Buy a Clean Car
What vehicles are eligible?
- $55,000 in maximum total value (new vehicles). $25,000 in total value maximum and at least 2 years old (pre-owned vehicles).
- A vehicle purchase or lease must be through a motor vehicle dealer licensed by the New Mexico motor vehicle division, or a dealer located on tribal land within New Mexico.
- A lessee of a vehicle must have entered into a new lease for at least three years.
- A previously owned motor vehicle must have a minimum one-year extended manufacturer’s warranty against defects and repairs.
If you install your own Level 1 or Level 2 charger at your home, you could be eligible for an additional $400 tax credit. These credits are also refundable, so you’ll get the funds even if you have no tax liability for the year. Charging stations must be installed by a licensed electrician and connected to your local electricity network.
Clean Car Income Tax Credit Resources
State tax credit for residential or commercial for purchases of an electric vehicle, plug-in hybrid electric vehicle or fuel cell vehicle, or new leases of at least three years for one of these vehicles.
For more information see our frequently asked questions (FAQ’s).
- Free Download – Savings on Charging Station Infrastructure Flyer
- Free Download – Get Up to $3,000 Credit to Buy a Clean Car Flyer
- Download – Process for Consumer to Claim Clean Car Tax Credit
- Download – Process for Consumer to Transfer Clean Car Tax Credit to Dealer
Please note:
State law requires certain documents—such as proof of ownership, inspection reports, and system specifications—to verify eligibility for New Mexico’s energy and conservation tax credits. Our division has reduced these requirements to the minimum allowed by statute and transitioned to a streamlined online system to make the process faster and more accessible. ECAM strongly recommends that applicants review the associated user guide for this specific credit before starting an application.Â
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