Charging a 2026 Tesla Model 3 Premium RWD at home in New Mexico

At New Mexico's residential electricity rate of 14.82¢/kWh, a 2026 Tesla Model 3 Premium RWD (rated 24.6 kWh per 100 miles by the EPA) costs $3.65 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. That works out to 77.2% cheaper per mile than gasoline in New Mexico — charging at home costs a fraction of what gas would here.

2026 Tesla Model 3 Premium RWD: yearly cost in New Mexico

New Mexico owners putting 15,000 annual miles on a 2026 Tesla Model 3 Premium RWD spend about $548 on home electricity, compared to about $2,403 a gas-car equivalent would spend on fuel. Call it about $1,855 saved annually, at this mileage.

Cost of a full charge

At New Mexico's rate, fully covering this 2026 Tesla Model 3 Premium RWD's 363-mile EPA range costs about $13.26 (89.4 kWh) — the energy the EPA test actually used, not the battery's rated size.

Where this ranks

Among all 20,400 state-and-model combinations this site tracks, charging a 2026 Tesla Model 3 Premium RWD in New Mexico ranks 325 for cost savings versus gas — 1 being the best deal nationally. Separately, the Tesla Model 3 Premium RWD ranks 4 of 400 EV models for raw efficiency, and New Mexico ranks 17 of 51 for cheapest residential electricity.

Next step: home charger installation

Everything above is the per-mile and per-year cost once a home charger exists — getting one installed is a separate electrical job whose price depends on your panel and wiring, not the state average used here.

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

More on how this number was built

See the methodology guide for exactly which EIA and EPA figures feed 2026 Tesla Model 3 Premium RWD's cost in New Mexico. 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.