NEW MEXICO (KRQE) – Economists went before lawmakers on Tuesday to share long-term projects for New Mexico's revenue. Special Collections Public Library in Albuquerque listed on National Register of Historic Places The oil and gas industry brought in $15.2 billion last year. Experts say the rise of electric vehicles could cause oil and gas revenue to decrease over the next 15 years, leaving investment earnings to take over as the main contributor to the state's general fund by 2040. Some lawmakers argued fuel isn't going anywhere. Others agreed, but argue the rise of EV technology and its effects are inevitable. Economists say the state's current oil and gas production is in line with the national average, but is expected to plateau by 2030.