Verified July 2026
The Mountain West sleeper: a refundable $3,000 new / $2,500 used state credit at FULL value only through Dec 31, 2026 (it steps down ~27% in January), no EV fee until 2027, and two utilities paying for chargers. If NM is home — buy this year.
The $7,500 federal new-EV credit and $4,000 used-EV credit ended September 30, 2025 — and the federal home-charger credit (30C) followed on June 30, 2026. If anyone tells you otherwise, they're reading an old script. (Charger installed on or before June 30, 2026? That one's still claimable on that year's return — IRS Form 8911.)
New MSRP ≤$55k; used ≤$25k (max 2 model years old, ≥1-yr warranty). No income cap, REFUNDABLE, must buy from a NM-licensed dealer. Steps down to $2,200/$1,850 in 2027, then keeps shrinking to zero by 2030.
State tax credit for a home Level 1/2 charger.
L2 charger rebate + install assistance (income-qualified tiers higher), and a Whole Home EV overnight rate around 3¢/kWh (10pm–5am).
Smart charging: L2 charger rebate + home wiring + panel-upgrade support (income-qualified tiers higher).
A fee arrives in 2027 ($70/yr BEV, rising to $90 by 2029) — one more reason the 2026 window is the moment. This is the only state purchase incentive in the entire Mountain West.
Programs change monthly — confirm at the official links before signing. Got a dealer quote? Run it through the free Deal-Checker.