New Mexico Hybrid vehicle purchase Tax Incentives

State Hybrid Excise Tax Exemption: From July 1, 2004 through June 30, 2009, HEVs with an EPA fuel economy rating of at least 27.5 miles per gallon are eligible for a one-time exemption from the motor vehicle excise tax at the time of the issuance of the original certificate of title for the vehicle. (Reference Senate Bill (SB) 86, 2004 and New Mexico Statutes (NMSA) 1978 7-14-6).
Hybrid Free Parking in Albuquerque: Beginning March 31, 2005, a new ordinance allows any hybrid vehicle to park free at any city meter for the duration of that meter. The vehicle must be registered with the City's parking office, located in Room 510 Plaza Del Sol. An identification sticker will be given to the operator, who will then place the sticker on the left rear window of the vehicle. Please be aware, this doesn't mean hybrid vehicles can stay parked at a meter all day. The free parking is only for the duration of the meter where the vehicle is parked. Hybrid vehicles with stickers that are parked longer than the allotted time will be cited. For more information, call The City of Albuquerque's parking office at 505-924-3950. Contact Deborah James: Djames@cabq.gov (505) 768-3036


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