May 15, 2024 - News

Charted: Where the EV-friendly homes are

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

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.
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