Buyer's Guide 2025
Alternative Fuel Vehicle Loan Program
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Loan Program
- Implementing Sector
- State
- State
- New Mexico
- Eligible Storage Technologies
- Medium-Duty Electric Vehicles, Heavy-Duty Electric Vehicles
- Maximum Loan
- Vehicles up to 14,000 lbs: $5,000
Vehicles from 14,000 lbs - 26,000 lbs: $10,000
Vehicles over 26,000 lbs: $20,000 - Loan Term
- 7 years maximum
- Interest Rate
- 0%
- Administrator
- New Mexico Department of Energy, Minerals, and Natural Resources
- Applicable Sectors
- Local Government, Schools, State Government, Institutional
- Budget
- $5 million
- Last Updated
- 12/10/2021
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