What it costs to charge a 2026 Chevrolet Silverado EV in New Mexico
Short answer
Charging at home 1,000 miles a month at 15.2¢ per kWh. That's 7.5¢ a mile and $903 a year.
A full charge at home costs about $30.85, for 410 miles of EPA range.
New Mexico's average home electricity rate, September 2025 to August 2026 (EIA).
Change the version, miles or price
- Per year
- $903
- Per mile
- 7.5¢
- Over 5 years
- $4,514
- Full charge
- $30.85
Every 2026 Silverado EV version in New Mexico
| Version | Drive | EPA rating | Per month | Full charge |
|---|---|---|---|---|
| Silverado EV Ext Range WT | 4WD | 47.8 kWh/100 mi | $73 | $30.81424 mi |
| Silverado EV Max Range WT (19kW Charger) | 4WD | 49.5 kWh/100 mi | $75 | $37.09493 mi |
| Silverado EV Ext Range (11kW Charger)(used in headline figures) | 4WD | 49.5 kWh/100 mi | $75 | $30.85410 mi |
| Silverado EV Std Range WT (11kW Charger) | 4WD | 49.6 kWh/100 mi | $75 | $21.56286 mi |
| Silverado EV Std Range (11kW Charger) | 4WD | 50.3 kWh/100 mi | $76 | $21.64283 mi |
| Silverado EV Ext Range (19kW Charger) | 4WD | 52.4 kWh/100 mi | $80 | $30.66385 mi |
Silverado EV vs. Chevrolet Silverado in New Mexico
The Silverado EV costs about $1,523 a year less to run here.
See the break-evenNew Mexico charges EVs no extra fee
New Mexico has no extra registration fee for electric cars. From January 2027 New Mexico will charge EVs $70 a year, rising to $90 by 2029.
For comparison, driven the same 1,000 miles a month here, the Chevrolet Silverado (17 mpg) pays about $263 a year in state and federal gas tax.
EV fee: New Mexico state government, checked October 2026. Fuel tax: EIA, July 2026 (revised).
Electricity in New Mexico costs 5% more than a year ago
New Mexico's average home rate over the 12 months to August 2026 was 15.2¢ per kWh, 0.7¢ more than the 12 months before. It moves through the year: over those 12 months, from 14.1¢ in May 2026 to 16.5¢ in August 2026. At 1,000 miles a month, the Silverado EV costs about $3 a month more to charge than in the 12 months before.
Show every monthly figure
EIA monthly retail sales data, residential customers.
New Mexico is about average to charge a Silverado EV
21st cheapest of the 50 states and DC, at 1,000 miles a month. See every state
Questions people ask
How much does it cost to charge a Chevrolet Silverado EV in New Mexico?
About $75 a month for 1,000 miles, or $903 a year, for the 2026 Silverado EV Ext Range (11kW Charger) (49.5 kWh/100 mi) at 15.2¢ per kWh. That works out to 7.5¢ a mile.
Which Silverado EV version is cheapest to charge?
The Silverado EV Ext Range WT (47.8 kWh/100 mi), at about $73 a month in New Mexico. The 2026 Silverado EV comes in 6 EPA-rated versions.
How much does it cost to fully charge a Chevrolet Silverado EV in New Mexico?
About $30.85 at home for the 2026 Silverado EV Ext Range (11kW Charger), at 15.2¢ per kWh. That is the electricity drawn from the wall to drive its full EPA range of 410 miles (about 203 kWh), so it includes charging losses; a top-up from 20% to 80% costs roughly 60% of it.
Does New Mexico charge an extra fee for electric cars?
No. New Mexico has no extra registration fee for electric cars. From January 2027 New Mexico will charge EVs $70 a year, rising to $90 by 2029.
Is electricity getting more expensive in New Mexico?
Yes. New Mexico's average home rate over the 12 months to August 2026 was 15.2¢ per kWh, 0.7¢ more than the 12 months before. Source: EIA's monthly retail sales data.
Does this include energy lost while charging?
Yes. EPA measures an electric car's efficiency from the wall outlet, so the electricity lost while charging is already in the kWh per 100 miles figure.
Efficiency: U.S. EPA ratings for the 2026 model year. Gas prices: EIA weekly survey, week of November 9, 2026. Electricity: EIA average home rates, September 2025 to August 2026. Fuel taxes: EIA, July 2026 (revised). How we calculate