{"id":81223,"date":"2025-03-16T09:45:59","date_gmt":"2025-03-16T13:45:59","guid":{"rendered":"http:\/\/autosector.com\/?p=81223"},"modified":"2025-03-16T09:45:59","modified_gmt":"2025-03-16T13:45:59","slug":"nuvve-wins-400-million-v2g-ev-charging-contract-in-new-mexico","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=81223","title":{"rendered":"Nuvve wins $400 million V2G, EV charging contract in New Mexico"},"content":{"rendered":"
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The State of New Mexico has awarded Nuvve a $400 million contract to provide turnkey EV charging solutions \u2013\u00a0including hardware, maintenance, and data management \u2013\u00a0to the state\u2019s growing fleet of electric vehicles.<\/p>\n

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That $400 million number comes from Nuvve (NASDAQ: NVVE) estimates about New Mexico\u2019s total addressable market (TAM), which includes the current plans to electrify State of New Mexico (SONM) electric vehicles and support broader electrification and V2G efforts. The contract is structured as a Statewide Price Agreement (SWPA), enabling long-term progress across public agencies throughout New Mexico.<\/p>\n

\u201cThese agreements play a crucial role in fulfilling the objective of Governor Michelle Lujan Grisham\u2019s executive order to transition our state fleet to zero emissions,\u201d said DOT Cabinet Secretary Ricky Serna. \u201cThese contracts ensure that state fleets transition to cleaner technology in a manner that is both efficient and economically viable.\u201d<\/p>\n

The contract, structured as a Statewide Price Agreement, will advance New Mexico\u2019s Vehicles as a Service (VaaS) program, which state officials say will help facilitate more widespread fleet electrification through:<\/p>\n

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