{"id":15134,"date":"2024-09-25T12:19:55","date_gmt":"2024-09-25T18:19:55","guid":{"rendered":"https:\/\/www.emnrd.nm.gov\/ecmd\/?page_id=15134"},"modified":"2026-02-18T14:28:42","modified_gmt":"2026-02-18T21:28:42","slug":"clean-car-charging-unit-tax-credit","status":"publish","type":"page","link":"https:\/\/www.emnrd.nm.gov\/ecmd\/clean-car-charging-unit-tax-credit\/","title":{"rendered":"Clean Car \/ Charging Unit Tax Credit"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”ce4db8ec-b34b-42ae-b247-103d0a13f28d” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”1d9c0f5d-35f2-480d-b415-624f9e38b5a0″ global_colors_info=”{}”][et_pb_column type=”4_4″ module_class=”vertical-align” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” featured_image=”off” _builder_version=”4.16″ _module_preset=”default” title_text_color=”#030303″ custom_margin=”||0px||false|false” global_colors_info=”{}”][\/et_pb_post_title][et_pb_dmb_breadcrumbs font_icon=”5||divi||400″ use_home_icon=”off” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#030303″ body_font_size=”18px” link_text_color=”#030303″ global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” module_class_1=”sidebar” disabled_on=”off|off|off” _builder_version=”4.16″ _module_preset=”default” inner_width=”90%” inner_max_width=”1400px” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”14px” content_max_width=”100%” disabled_on=”off|off|on” module_class=”blurb-icon-right sidebar-toggle” _builder_version=”4.16″ _module_preset=”c520cd6f-2a5a-44ab-ba51-0c6b314ff487″ header_font=”|600|||||||” header_text_color=”#ffffff” header_font_size=”13px” header_line_height=”1.3em” body_font=”||||||||” body_text_color=”rgba(40,39,40,0.7)” body_font_size=”12px” body_line_height=”1.3em” background_color=”#1D4784″ use_background_color_gradient=”on” background_color_gradient_direction=”145deg” background_color_gradient_stops=”#1d4784 0%|#0585a5 100%” background_color_gradient_start=”#1d4784″ background_color_gradient_end=”#0585a5″ max_width=”100%” module_alignment=”center” custom_margin=”||14px||false|false” custom_padding=”12px|4px|12px|16px|true|false” border_radii=”on|6px|6px|6px|6px” border_width_bottom=”1px” border_color_bottom=”#dedede” icon_font_size=”14px” global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_4″ module_class=”sofia-light nav-side” _builder_version=”4.27.4″ _module_preset=”default” body_text_color=”#212121″ body_font_size=”15px” body_line_height=”1em” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” min_height=”510.2px” custom_padding=”||1em||false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” min_height=”477.7px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Clean Car and Charging Unit Tax Credit<\/strong><\/h2>\n

Welcome to the New Mexico Energy, Minerals and Natural Resources Department online application website for clean car income tax credit and clean car charging unit income tax credit.<\/p>\n\n\n\n
APPLY NOW\u00a0\u00a0<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*ECAM strongly suggests reading the Consumer Job Aid Guide<\/a> before beginning your application.<\/p>\n

<\/strong><\/p>\n

Vehicles<\/strong><\/p>\n

A New Mexico individual who has purchased or enters a new lease of a qualifying new or used vehicle on or after May 15, 2024, and prior to January 1, 2030, from a New Mexico licensed motor vehicle dealer or a dealer located on tribal land, may be eligible to apply for clean car income tax credit certification. Applications for certification of the state tax credit shall be made no later than one year from the date on which the vehicle is purchased or the lease is entered into.<\/p>\n

 <\/p>\n

Qualifying vehicles are:<\/strong><\/p>\n

Either a battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), or hydrogen fuel-cell electric vehicle (FCEV)<\/p>\n

A new<\/strong> clean car vehicle that has a base manufacturer suggested retail price (MSRP), before destination charges and before any taxes are imposed, of fifty-five thousand dollars ($55,000) or less.<\/p>\n

OR<\/strong><\/p>\n

A previously owned<\/strong> clean car vehicle, that has a market value of twenty-five thousand dollars ($25,000) or less, for which the dealer provides at least a one-year extended manufacturer’s warranty against defects and repairs; and the vehicle year shall have a model year that is at least two years prior to\u00a0the calendar year in which the taxpayer purchased or leased the vehicle.<\/p>\n

Definition: <\/strong><\/p>\n

Warranty may be purchased bundled in total vehicle cost, through dealer, or may be purchased as a separate transaction. Buyer\u2019s warranty document must clearly state warranty length of minimum one year and 100% coverage for labor, and parts.<\/p>\n

Manufacturer Suggested Retail Price (MSRP): is total vehicle price minus destination charge, regulatory fees, tax, title, and license fees.<\/p>\n

A new lease means when a taxpayer enters into a new lease agreement of at least three years for a clean car vehicle.<\/p>\n

For a previously owned vehicle to be eligible for the tax credit, the vehicle shall have a model year that is at least two years prior to the calendar year in which the taxpayer purchased or leased the vehicle.<\/span><\/p>\n

Qualifying model year used vehicle:<\/p>\n\n\n\n\n\n\n\n\n\n\n
Previously Owned Vehicle<\/strong><\/td>\n<\/td>\n<\/tr>\n
Purchase Year<\/td>\nModel Year<\/td>\n<\/tr>\n
2024<\/td>\n2022 or older<\/td>\n<\/tr>\n
2025<\/td>\n2023 or older<\/td>\n<\/tr>\n
2026<\/td>\n2024 or older<\/td>\n<\/tr>\n
2027<\/td>\n2025 or older<\/td>\n<\/tr>\n
2028<\/td>\n2026 or older<\/td>\n<\/tr>\n
2029<\/td>\n2027 or older<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Chargers<\/strong><\/p>\n

A New Mexico individual who has purchased and installed a clean car charging unit designed for charging electric vehicles, plug-in hybrid electric vehicles, or fuel cell vehicles between May 15, 2024, and prior to January 1, 2030, may be eligible to apply for clean car charging unit income tax credit certification. Applications for the state tax credit shall be made no later than one year from the date the charging unit is purchased or, if the unit is installed, the installation date.<\/p>\n

 <\/p>\n

Qualifying chargers are:<\/strong><\/p>\n