Most Philadelphia metro homes lack EV chargers
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Few Philadelphians are charged up about the idea of installing at-home electric vehicle chargers despite increasing demand for them among homebuyers.
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.
By the numbers: Less than 1% of the listed homes in our area offered at-home EV charging.
Behind the scenes: Philadelphia received a $1.4 million federal grant to fund a two-year pilot program that will train dozens of workers on how to build the charging stations — part of a larger push by Mayor Cherelle Parker to make the city more energy efficient.
The big picture: Access to at-home EV charging is a rare and increasingly desirable amenity nationwide.
- Home chargers are more common in areas with high EV ownership rates.
Between the lines: Home chargers are often more convenient than public ones, and also faster than charging cables that come with most EVs.
- The typical installation runs between $548 and $1,382, per HomeAdvisor.
Flashback: Philly nixed a controversial program in 2018 that allowed residents to reserve a curbside parking spot for EVs with privately owned chargers.
- Property owners with curbside parking can still apply for a city permit to install an EV charger near their curb.
Reality check: You've got time to install that charger. EV adoption hasn't been swift.
What we're watching: 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 report by it and Cox Automotive.
Note: Cox Automotive's parent, Cox Enterprises, also owns Axios.