A public electric vehicle fast charging station in Albuquerque limits use to 30 minutes. Image by Marjorie Childress. Legislators are continuing their drive to encourage more New Mexicans to buy low- and zero-emissions vehicles as part of a larger strategy to rely less on fossil fuels, while ensuring that drivers who use little or no gas still chip in to maintain the state’s highways.
House Bill 217 would let buyers of plug-in hybrids and electric vehicles take $2,500 or $5,000 off their state taxes depending on their income. It would also give them another $300 tax credit toward a home car charging station and impose a $20 to $50 annual registration fee that would go to the state road fund. New Mexicans pay 17 cents per gallon of gas into the road fund.
Versions of these proposed incentives have been introduced four times in recent years without success.