Setting the stage for an increase in electric vehicle adoption and infrastructure development across New Mexico.

EL PASO, Texas – El Paso Electric (EPE) is excited to announce the New Mexico Public Regulation Commission’s (NMPRC) approval of its a Transportation Electrification Plan (TEP) for the years 2024-2026. This landmark decision paves the way for a comprehensive suite of programs and initiatives aimed at significantly increasing electric vehicle (EV) adoption and infrastructure development across New Mexico, marking a significant milestone in the state’s journey towards sustainable transportation.

The approved TEP includes a wide range of strategic measures tailored to accelerate the transition to electric vehicles within EPE’s New Mexico service territory:

• Residential Initiatives: Programs such as the EV Smart Rewards NM Program, Smart Charging Program, Home Wiring Program, Electric Bicycle Rebate Program and Low-Income On-the-Hood EV Rebate Programs are designed to incentivize homeowners to adopt EVs and to provide incentives for installation of smart home charging solutions. .
• Commercial Incentives: The PowerConnect NM Program, EV Charging Equipment Rebate Program, EV Charging Installation Rebate Program, and Take-Charge NM Program will support businesses and public entities in installing EV charging stations, promoting wider accessibility to charging infrastructure.
• New Construction Rebate Programs: Initiatives like the EV-Ready Homes Program and EV-Ready Multi-Unit Dwellings Program will ensure that new homes and apartments are equipped with EV charging capabilities during new construction process, fostering a future-proof infrastructure.
• Partnership Research and Innovations Program: A commitment to collaborative efforts with stakeholders to explore and implement advanced electrification solutions.
• Customer Outreach Program: A robust campaign aimed at raising awareness and educating the public about the benefits of EV adoption and the importance of sustainability.

Additionally, the plan introduces an innovative rate option for public charging stations, the experimental Demand Adjustment Rider and continues to offer the popular Whole House/Whole Service EV Rate Rider Incentive Credit, both designed to make EV charging more cost-effective for consumers.

“The NMPRC’s re-endorsement of our Transportation Electrification Plan is a pivotal achievement that reinforces our dedication to environmental leadership and customer service,” said Jessica Christianson, Vice President of Energy Solutions and Business Development at EPE. “This plan is a testament to our commitment to facilitating a seamless transition to electric transportation, reducing carbon emissions, and creating a sustainable future. We are eager to roll out these programs and work alongside our customers and community partners to electrify our transportation landscape.”

Implementation of EPE’s TEP is slated to begin imminently, with various programs set to launch over the coming months. This initiative represents a critical step forward in EPE’s ongoing efforts to support clean energy and sustainable transportation solutions, directly contributing to a healthier environment and a more resilient electric grid.

For more information on the approved Transportation Electrification Plan and upcoming initiatives, please visit epelectric.com/ev.