Charging a 2026 Tesla Model S at home in New Mexico

At New Mexico's residential electricity rate of 14.82¢/kWh, a 2026 Tesla Model S (rated 27.1 kWh per 100 miles by the EPA) costs $4.02 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 74.9% cheaper per mile than gasoline in New Mexico — charging at home costs a fraction of what gas would here.

2026 Tesla Model S: yearly cost in New Mexico

New Mexico owners putting 15,000 annual miles on a 2026 Tesla Model S spend about $603 on home electricity, compared to about $2,403 a gas-car equivalent would spend on fuel. Call it about $1,800 saved annually, at this mileage.

What one full charge costs

At New Mexico's rate, fully covering this 2026 Tesla Model S's 410-mile EPA range costs about $16.49 (111.2 kWh) — the energy the EPA test actually used, not the battery's rated size.

2026 Tesla Model S in New Mexico, ranked

Among all 20,400 state-and-model combinations this site tracks, charging a 2026 Tesla Model S in New Mexico ranks 985 for cost savings versus gas — 1 being the best deal nationally. Separately, the Tesla Model S ranks 20 of 400 EV models for raw efficiency, and New Mexico ranks 17 of 51 for cheapest residential electricity.

Before you install a home charger in New Mexico

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.

Get quotes from local electricians for Level 2 charger installation in New Mexico before deciding.

More on how this number was built

See the methodology guide for exactly which EIA and EPA figures feed 2026 Tesla Model S's cost in New Mexico. New Mexico's 14.82¢/kWh rate ranks 17 of 51 states; the state rate guide lays out the full spread.