Federal EV Tax Credit & Home Charger Incentives
If you're considering an electric vehicle in New Mexico, you’ll want to be aware of federal EV tax credit deadlines. The Clean Vehicle Credit offers up to $7,500 in tax savings but is set to expire on September 30, 2025, unless extended. There’s also a separate credit for installing a home EV charger, which ends June 30, 2026. Timing matters—these programs won’t be around forever.