2026 Tesla Model 3 Premium AWD: home charging cost in New Mexico

At New Mexico's residential electricity rate of 14.82¢/kWh, a 2026 Tesla Model 3 Premium AWD (rated 26.4 kWh per 100 miles by the EPA) costs $3.91 to drive 100 miles on home charging, against $16.02 for the same distance in a car averaging 25.5 mpg on gasoline at $4.085/gallon. Charging at home costs a fraction of what gas would here: 75.6% less than gas per mile, here specifically.

What a year of driving costs

Driving 15,000 miles a year — fueleconomy.gov's own default assumption — a 2026 Tesla Model 3 Premium AWD charged at home in New Mexico costs about $586/year in electricity, against about $2,403/year for the gas-car comparison. That's a savings of about $1,817 a year.

What one full charge costs

A 2026 Tesla Model 3 Premium AWD needs roughly 91.3 kWh to reach its EPA-rated 346-mile range, which runs about $13.52 at 14.82¢/kWh in New Mexico.

2026 Tesla Model 3 Premium AWD in New Mexico, ranked

This combination ranks 742 of 20,400 state/model pairs for cost savings against gas (1 is cheapest). The Tesla Model 3 Premium AWD alone ranks 12 of 400 models for efficiency; New Mexico alone ranks 17 of 51 states for electricity price.

Getting set up to charge a 2026 Tesla Model 3 Premium AWD at home

The numbers above assume Level 2 home charging is already in place — the electrical work behind that is a real, separate cost that varies by panel, wiring, and local labor rates, not something this page's per-mile math includes.

Line up a few New Mexico electrician quotes for Level 2 install before you commit either way.

Where these figures come from

The methodology guide names the exact EIA and EPA tables behind this page's numbers. At 14.82¢/kWh, New Mexico sits in the middle of the national range — the guide to why charging cost varies by state shows where.