May 15, 2024 - News

Metro Atlanta homebuyers want EV chargers at home

Bar chart showing the share of EV-friendly home listings on Realtor.com in 2023. San Jose, Calif. led the way with 4.9 percent of listings. San Francisco, Seattle, Los Angeles, Oxnard, Calif., San Diego, Riverside, Calif., Honolulu and Austin rounded out the rest of top metros.
Data: Realtor.com, Cox Automotive; Note: Among 100 biggest metro areas; Chart: Axios Visuals

Metro Atlanta has one of the country's highest rates of EV ownership and charging infrastructure, but it's still behind other metros when it comes to powering up at home.

Why it matters: Homes with electric vehicle chargers could hold greater resale value as more car buyers make the switch, Realtor.com chief economist Danielle Hale says.

State of play: Atlanta ranks high among major metros where a small but growing share (0.9%) of U.S. homes listed on Realtor.com in 2023 were described as EV-friendly. That's a big jump from 0.1% five years earlier, according to the company's and Cox Automotive's report.

  • 1.3% of Atlanta-area homes listed on Realtor.com were EV-friendly, roughly the same as Phoenix and Boston.

Zoom out: Home chargers are more common in areas with high EV ownership rates.

The big picture: Access to at-home EV charging is a rare and increasingly desirable amenity nationwide.

  • Increasing access to fast and convenient charging is vital to making the jump from combustible engines to EVs.

Between the lines: Home chargers are often more convenient than public ones, and faster than charging cables that come with most EVs.

  • The typical installation in metro Atlanta costs between $526 and $1,122, roughly on par with the national costs, according to HomeAdvisor.

Yes, but: "Homes where the panel is in the garage are generally the easiest," Patrick Hablas, the CEO of EV charger installers Electrify Atlanta, told Axios. "The trickier installs tend to be when the panel is in a finished basement."

What they're saying: Some of Hablas' customers first get a quote on installing a charger before they purchase their EV so they know the total cost of the purchase and driving the car.

Follow the money: Georgia Power offers an up to $200 rebate to eligible homeowners to install a Level 2 charger.

Note: Cox Automotive's parent company, Cox Enterprises, also owns Axios.

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