PRESS RELEASES

Bill creating electric vehicle tax credit passes House floor

Feb 15, 2020 | Press Releases

SANTA FE – A bill creating an electric vehicle tax credit to make EVs and charging stations more affordable passed the House of Representatives on Friday night by a vote of 40-27. Gov. Michelle Lujan Grisham on Saturday issued the following statement:

“This bill is another step forward in increasing electric vehicle use in New Mexico and making sure this technology is affordable for more of our citizens. With more electric vehicles on the road, we can reduce transportation emissions, improve air quality and save New Mexicans money over time. The initial cost of an electric vehicle is often out of reach for many New Mexicans, this bill will assist with the upfront cost of purchasing or leasing an electric vehicle.”

House Bill 217, sponsored by Reps. Jim Trujillo, Micaela Lara Cadena, Javier Martínez and Marian Matthews and Sen. Pat Woods, establishes a $2,500 tax credit for residents whose annual income is above $50,000 and a $5,000 tax credit for residents whose annual income is less than $50,000. A $300 tax credit is also available for the installation of an at home charging station.

Contact

The Office of Governor Michelle Lujan Grisham is located on the fourth floor of the New Mexico State Capitol in Room 400.

Address:
490 Old Santa Fe Trail Room 400
Santa Fe, NM 87501

Phone: (505) 476-2200
Toll free: (833) 520-0020

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