EV Charging Becomes a Selling Point for Home Buyers in These Markets
Realtor.com finds nearly 1 percent of all homes have it now.
A growing number of home listings are advertising that EV charging stations come with the property, according to a new report from Realtor.com and Cox Automotive.
In 2023, 0.9% of for-sale homes listed on Realtor.com were described as EV-friendly. Five years ago, it was 0.1%. In the top market, San Jose, one in five homeowners owns an EV.
The top housing markets for EV owners are San Jose-Sunnyvale-Santa Clara, Calif.; Salt Lake City; San Francisco-Oakland-Berkeley; Boston-Cambridge-Newton; Seattle-Tacoma-Bellevue; Durham-Chapel Hill, NC; Austin-Round Rock-Georgetown; Los Angeles-Long Beach-Anaheim; Washington-Arlington-Alexandria,; Denver-Aurora-Lakewood; San Diego-Chula Vista-Carlsbad; Sacramento-Roseville-Folsom; Atlanta-Sandy Springs-Alpharetta; Oxnard-Thousand Oaks-Ventura, Calif.; Riverside-San Bernardino-Ontario, Calif.; Urban Honolulu; Portland-South Portland, Maine; Portland-Vancouver-Hillsboro, Ore.; Fresno, Calif.; and Las Vegas-Henderson-Paradise.
Analysis of these markets included data from a combination of EV-friendly listings and congestion index, measured as the ratio of EVs and Plug-In Hybrids (PHEVs) to public charging ports to uncover the best housing markets for electrified-vehicle owners.
Jonathan Smoke, Chief Economist, Cox Automotive, said in a prepared statement that there is a clear and positive synergy between the housing market and EV adoption.
“While we remain in the early innings in the electrification of the auto market with dramatic variation in adoption thus far, EV-friendly homes are proving to be key,” Smoke said in a prepared statement.
“Having access to a charger is fundamental to the ease of use for an EV, and when that charger is in a home it is both convenient and economical. This in turn makes EV-friendly homes stand out in markets with more EV owners.”
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