Transportation (Electric Vehicles)

HB 286 establishes a higher weight allowance for heavy-duty electric vehicles (such as delivery trucks and buses) under New Mexico's vehicle weight regulations. It amends Section 66-7-410 to allow these vehicles to exceed standard gross weight limits, accommodating their heavier battery systems. This change directly affects operators of heavy-duty electric commercial vehicles by permitting greater payload capacity on New Mexico roads. The bill modifies existing weight tables to create specific weight allowances for electric vehicles meeting the defined criteria, without changing the core definitions of electric vehicles. This policy adjustment aims to support the practical use of electric fleets while maintaining highway safety standards.

SB 2 increases funding for New Mexico's highway projects by raising fees on vehicle registrations and commercial truck taxes. It raises weight-distance tax rates for commercial trucks (affecting freight companies), increases standard passenger vehicle registration fees, and adds new annual fees for electric vehicles ($70-$90) and plug-in hybrids ($35-$45) starting in 2027. All new revenue from these changes goes directly to the State Road Fund to support highway improvements. The bill specifically targets commercial truck operators, all vehicle owners, and electric vehicle owners, with fee amounts varying by vehicle type and registration year.