New Mexico Low Carbon Fuel Standard

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New Mexico adopted the Clean Transportation Fuel Program (CTFP) in 2026 in order to lower the carbon intensity (CI) of transportation fuels - a major source greenhouse gas emissions in the state. The program is structured similarly to other LCFS programs, with adjustments to reflect New Mexico’s fuel industry and infrastructure. The CTFP sets a CI reduction target of 30% by 2040, beginning with very gradual CI targets for the initial three years (2026-2028) before accelerating thereafter.

Unique aspects of the CTFP include: 1) the program requires an initial registration fee as well as an annual fee for all participants, and 2) electric vehicle manufacturers have expanded opportunities to generate credits from residential EV charging.

Verification Requirements

Annual, starting in 2028 for 2026-2027 compliance period.

Eligible Electric Assets:

Residential EV Charging
Public EV Chargers (including multi-unit dwellings of at least 4 units)
Commercial EV Charging
Fast-Charging Infrastructure crediting
Forklifts
Cargo Handling Equipment
Transport Refrigeration Units (TRUs)
Ground Support Equipment at airports

States Eligible for NM CTFP Credits:

New Mexico

Tracking Registry

CTFP Data Management System (CTFP-DMS)

Administering Agency

NM Environment Department (NMED)

Compliance Period // Credit Issuance Schedule

Annual (Jan-Dec) compliance with quarterly reporting and credit issuance

Credit Useful Life

Credits do not expire

Book-and-Claim RECs Accepted

Yes. Eligible RECs must be from the same eGRID subregion as the energy use

For updates on the New Mexico LCFS markets including pricing, regulatory updates, and market analyses, please visit our blog.

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Carbon Intensity Compliance

The CTFP program establishes Carbon Intensity (CI) standards for gasoline and diesel fuel produced or imported in the state. Fuel suppliers (typically oil and gas companies) that exceed the CI standard may stay in compliance by purchasing credits that are issued to parties (like electric vehicle charger companies or biofuel producers) that supply fuel with a CI that is lower than the standard. Each year, the CI standard decreases in order to continue to support the market structure (i.e. driving demand for credits) and move towards the program goals of a lower carbon fuel system.

Compliance Year	Carbon Intensity Reduction	Gasoline (gCO2e/MJ)	Diesel (gCO2e/MJ)
2026	1.8%	93.89	93.81
2027	3.3%	92.45	92.38
2028	6.0%	89.87	89.8
2029	11.0%	85.09	85.02
2030	20.0%	76.49	76.42
2031	21.0%	75.53	75.47
2032	22.0%	74.58	74.51
2033	23.0%	73.62	73.56
2034	24.0%	72.66	72.6
2035	25.0%	71.71	71.65
2036	26.0%	70.75	70.69
2037	27.0%	69.8	69.74
2038	28.0%	68.84	68.78
2039	29.0%	67.88	67.83
2040 and subsequent years	30.0%	66.93	66.87

New Mexico LCFS Management & Brokerage Services

Navigate registration process for eligible assets
Maintain ongoing data reporting requirements with the appropriate state entity
Market credits, transact with counterparties, and remit payment to clients
Provide comprehensive market analysis and regulatory updates

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