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.
- 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
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