EV vs Gas Savings in New Mexico (2026)
New Mexico electricity averages 13.5¢/kWh and gas runs $3.25/gallon. Driving an EV 12,000 miles costs $463/year in fuel. A 30 MPG gas car costs $1300/year.
Annual savings
$837
per year
5-year savings
$4,185
fuel only
EV fuel/yr
$463
13.5¢/kWh
Gas fuel/yr
$1,300
$3.25/gal
New Mexico beats the national average
The national average EV fuel savings is $728/year. New Mexico comes in $109/year higher. Cheap electricity (13.5¢/kWh) plus high gas ($3.25/gal) is a strong combination.
New Mexico EV vs gas: the full cost breakdown
| EV | Gas car | |
|---|---|---|
| Fuel rate | 13.5¢/kWh | $3.25/gal |
| Efficiency | 3.5 mi/kWh | 30 MPG |
| Annual fuel cost (12,000 mi) | $463 | $1,300 |
| 5-year fuel cost | $2,315 | $6,500 |
| EV fuel savings | $837/yr · $4,185 over 5 years | |
12,000 mi/yr · 3.5 mi/kWh EV · 30 MPG gas car · 2026 EIA and GasBuddy data · home charging only
Electricity: 13.5¢/kWh
2.6¢ below the national average of 16.1¢/kWh. At this rate, charging a 75 kWh battery pack from empty costs $10.13.
Source: EIA 2026 residential rates
Gas: $3.25/gallon
$0.05 above the national average of $3.2/gal. Filling a 15-gallon tank costs $48.75 in New Mexico.
Source: GasBuddy 2026 state averages
More EV data for New Mexico