Bill > SB8

This bill creates an electric vehicle income tax credit of $3,250 for the purchase or lease of an eligible electric vehicle in New Mexico between May 15, 2024 and January 1, 2029. It also creates an electric vehicle charging unit income tax credit of up to $300 for the purchase and installation of an electric vehicle charging unit in New Mexico during the same time period. Additionally, the bill imposes an additional annual registration fee of $120 for electric vehicles and $60 for plug-in hybrid electric vehicles, with the proceeds being distributed to the state road fund and the transportation project fund.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=8&year=24