May 14, 2024 - News

Under 2% of Salt Lake home listings were EV friendly in 2023

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

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.

By the numbers: Just 1.6% of homes listings in the Salt Lake metro area last year were EV friendly, per Realtor.com and Cox Automotive's report.

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 $1,382, per HomeAdvisor.

State of play: Rocky Mountain Power offers eligible homeowners up to $200 off to install an EV charger.

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.

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

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