Homes with EV chargers selling at a Premium!

Accessibility to charging facilities is becoming an increasingly important factor for home buyers in affluent neighbourhoods where electric vehicle adoption is strongest, research claims.

Analysis of the registration data by a High profile Estate Agent’s* suggests that 23 local authorities with the most electric cars – where more than 2% are plug-in hybrid electric vehicles (PHEV) – have an average house price of more than £800,000.

However, the research reveals that while the combined number of electric, plug-in and other ultra-low emission vehicles has increased by 176% over the past two years, the number of charging points has increased just 72%.*

On average there is one public charging point for every six privately owned electric cars and one for every five privately owned hybrid cars, according to the research. As of the 1st April 2022, the North East is in the top 20% for the most EV charging devices in the UK, with a total of 198 devices.**

New research has unveiled that Newcastle and the wider North East is one of the best places in the United Kingdom to own an electric vehicle. Newcastle came out as the fourth best place to own an electric car in the country, with 8.4 cars in the city per charger. Sunderland ranked second with 4.7 cars per charger, Durham fifth with 10.7 and Teeside seventh with 11.7.***

 

Would you like to live in one of the best places in the UK to own an electric vehicle? Check out our listings for sale!

 

Thinking of selling… Find out if your property has increased in value today, book a valuation!

 

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Homes with EV chargers will sell at a premium due to public shortage, Estateagenttoday.co.uk, 14th June 2022
** Electric vehicle charging devices by local authority, Gov.uk, April 2022
*** Where Newcastle ranks in UK for electric car charging points – as wider North East triumphs, Newcastle World, 25/04/2022

Image: Adobe Stock

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