Last Updated December 10, 2021
Program Overview
Category:
Financial Incentive
State:
New Mexico
Incentive Type:
Loan Program
Administrator:
New Mexico Department of Energy, Minerals, and Natural Resources
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
Local Government, Schools, State Government, Institutional
Eligible Renewable/Other Technologies:
Medium-Duty Electric Vehicles, Heavy-Duty Electric Vehicles
Summary
The Alternative Fuel Acquisition Loan Fund was created in the state treasury as a revolving loan fund. The fund balance does not exceed $5 million and is administered by the New Mexico Department of Energy, Minerals, and Natural Resources. The loans are for the state government, political subdivisions, and educational institutions. For more information, visit the program website.