In a paradigm shift challenging conventional wisdom, a recent study suggests that the need for a garage might not be as crucial as commonly assumed for owners of electric vehicles (EVs) seeking residential charging solutions.
Revealing insights from an analysis conducted by industry experts, it was found that while garages often feature prominently in listings catering to EV owners, the absence of such a facility doesn’t necessarily preclude homeowners from conveniently charging their electric vehicles.
The study, conducted in collaboration with Cox Automotive, examined data pertaining to the 100 metropolitan areas with the highest concentration of EV-friendly listings in 2023. Contrary to expectations, a significant proportion of these listings—29.6%, to be precise—lacked a dedicated garage space.
This revelation underscores a fundamental shift in perspective, suggesting that while garages remain a coveted amenity, their absence shouldn’t serve as a deal-breaker for prospective homebuyers with electric vehicles.
Jiayi Xu, an economist, underscores the significance of this finding, stating, “Our research highlights that while garages are prevalent in EV-friendly homes, they are not a prerequisite. In fact, one-third of EV-friendly listings in 2023 did not include garage facilities. Recognizing this flexibility can broaden the horizon for homebuyers with electric vehicles, enabling them to explore a more diverse range of properties.”
The Garage Factor: Climate Considerations
The importance of garages for EV owners may vary depending on geographical factors, particularly climate conditions. In regions with colder climates, such as Colorado Springs, CO, and Chicago, IL, garages are more prevalent in EV-friendly listings, exceeding 90%. Similarly, even in locales experiencing scorching temperatures like Cape Coral, FL, and Phoenix, around 80% of EV-friendly listings boast garage facilities.
Adapting Homes for EV-Friendly Charging
Despite the absence of a garage, homeowners can easily transform their residences into EV-friendly havens by installing charging stations. Whether it’s a driveway or curbside parking, setting up a charging station is a straightforward process.
Two primary types of chargers are available: Level 1 chargers, which offer basic charging capabilities and plug into standard outlets, and Level 2 chargers, providing faster charging speeds but requiring installation by a licensed electrician.
The installation cost for a Level 2 charger typically ranges from $600 to $800, encompassing expenses related to the installation of a dedicated 240-volt outlet.
Highlighting the EV-friendly attributes of homes sans garages can enhance their appeal to a broader spectrum of potential buyers, facilitating meaningful connections between sellers and environmentally conscious consumers.
As the landscape of residential real estate continues to evolve in tandem with advancements in electric mobility, debunking misconceptions surrounding garage necessity paves the way for a more inclusive and sustainable future.
