May 30, 2024 - News

Boston isn't plugged in

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

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.

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

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