Bill > SB131

This bill modifies New Mexico's Clean Transportation Fuel Standard Program by adding a critical provision that prohibits the state board from adopting or maintaining rules that would mandate vehicle manufacturers to produce or deliver a specific percentage of zero-emission vehicles. The existing law, which was set to be implemented by July 1, 2026, establishes a technology-neutral clean transportation fuel standard aimed at reducing the carbon intensity of transportation fuels by at least 20% below 2018 levels by 2030 and 30% by 2040. The bill requires the creation of an advisory committee with diverse stakeholders to provide input on program rules, and establishes mechanisms for generating and trading credits among fuel producers and distributors. The program includes provisions for utilities to reinvest credit sale revenues into decarbonization projects, with at least 50% supporting low-income and underserved communities. The new restriction on zero-emission vehicle mandates effectively prevents the state from implementing rules that would compel automakers to produce a certain number of electric or other zero-emission vehicles, which could be seen as a way to limit potential regulatory pressure on the automotive industry.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=131&year=25