Charted: Where the EV-friendly homes are
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About 1 in 50 Austin home listings offer an EV charger, per new data.
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.
The big picture: Access to at-home EV charging is a rare and increasingly desirable amenity.
By the numbers: A growing share at 0.9% of U.S. homes listed on Realtor.com in 2023 were described as EV-friendly, up from 0.1% five years earlier, according to the company's and Cox Automotive's report.
Between the lines: Home chargers are often more convenient than public ones, and faster than a regular wall socket.
- Installation typically runs between $548 and $1,382, per HomeAdvisor.
Be smart: Austin Energy offers EV owners a rebate of 50% of the purchase and installation cost of a charging station, with a maximum rebate of $1,200.
Zoom in: The Austin City Council tomorrow will consider rules on where new charging stations can be built.
Reality check: EV adoption hasn't been swift.
- Meanwhile, President Biden yesterday announced new tariff increases on $18 billion worth of Chinese imports — including a 100% tax on electric vehicles — in an effort to protect American car manufacturers.
📬 Tell us: If you own an EV, where do you charge it?
- Would you install a personal charging station, or buy a house that comes with one?
- Email [email protected] or hit reply with your name and neighborhood. We might feature your insights in an upcoming newsletter.