EV vs Gas Vehicle Costs in Colfax County, NM
Should you switch to electric in Colfax County? Here's the cost breakdown.
Gas fuel, per year
$2,011
EV electricity, per year
$925
Fuel difference, per year
$1,086
Per mile, EV vs gas
6.2¢ vs 13.4¢
What these fuel costs rest on
- Driving: 15,000 miles a year, the basis of the EPA fuel economy label.
- Electricity: 16.51 cents per kWh, New Mexico residential average, 2026-08 (U.S. Energy Information Administration, Electric Power Monthly).
- Gasoline: $2.96 a gallon for 2025, all grades. The state price is derived from EIA's state price file and its national annual price.
- Efficiency: the average of 894 EPA-rated electric trims (37.4 kWh per 100 miles) and 1,549 EPA-rated gas trims (22.1 mpg), the three newest EPA model years. A simple average over trims, not weighted by sales.
County prices are not published, so New Mexico's prices stand in for Colfax County. The federal clean vehicle credit ended for vehicles acquired after September 30, 2025 (IRS); state and local programs are not listed here. Purchase price, insurance and resale value decide the total cost, and EPA publishes none of them, so the calculator asks you for them.
About Colfax County, New Mexico
Colfax County in New Mexico has a population of 12,370 and a median household income of $46,286. Fuel prices differ by state, and they move the EV vs gas comparison.
The figures above are fuel costs only. Actual totals depend on your vehicles, mileage, electricity plan, purchase price, insurance and resale value, which the calculator takes from you.
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