As New Mexico gears up for the 2026 launch of its Clean Transportation Fuel Program (CTFP), cCarbon’s latest Analyst Note forecasts key market dynamics. The CTFP aims to reduce carbon intensity in transportation by 20% by 2030 and 30% by 2040. Our analysis covers three decarbonization scenarios, highlighting their impact on credit generation, deficits, and the credit bank. The Note also provides insights into the expected growth of renewable diesel, biodiesel, ethanol, renewable natural gas, and EVs in the state.