Boston isn't plugged in
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Boston is lagging behind the West Coast when it comes to installing electric vehicle chargers 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.
The big picture: Access to at-home EV charging is a rare and increasingly desirable amenity nationwide.
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 runs between $548 and $1,383, per HomeAdvisor.
Catch up quick: There are plenty of incentives for switching to an EV in Massachusetts. The state offers rebates up to $6,000 and the federal government could reimburse even more.
- Massachusetts also has plans to increase the number of public charging stations so drivers can have more of a gas station-like experience.
Reality check: You've got time to install that charger. EV adoption hasn't been swift, Axios' Joann Muller reports.
The big picture: A small but growing share (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.
- Home chargers are more common in areas with high EV ownership rates.
Note: Cox Automotive's parent company, Cox Enterprises, also owns Axios.