eXp UK analysed current data on the number of publicly available EV charging devices found across the UK and the average price of living in an area with a plentiful supply. It found that across the UK there are 64,632 EV charging ports available to the public - up 47% in the last year alone.
However, the average house price across the top 25 UK areas home to the most public EV charging devices comes in at no less than £507,143 - increasing to £664,661 when looking at the top 10 areas with charging access.
In contrast, the average cost of a home across the 25 areas of the UK that are home to the lowest number of EV charging ports comes in at just £265,786 - almost half that of the top 25 areas.
It’s worth noting that Bexley in London has seen the UK’s fourth highest increase in EV charging availability in the last year at 307%. Whilst the average house prices comes in above £300,000 at £415,496, it does present a relatively affordable option when compared to the wider price of London property.
Head of eXp UK, Adam Day, commented:
"Electric vehicles have exploded in popularity, largely due to the fact they are far more affordable to run, although with the Government now looking to take their slice of taxation, this will change slightly going forward.
"Of course, they aren’t much use without being able to charge them and we’re seeing an increasing preference from homebuyers when it comes to public EV charging availability in areas they are hoping to purchase.
"Unfortunately, a home in areas boasting the highest number of public EV ports will set you back quite a substantial sum. Savvy buyers are best advised to look to more affordable areas where availability may be lower, but the number of charging ports is already increasing rapidly.
"As more of us look to electric vehicles in the future, this number will only grow further and, as is often the case in the property market, those who can get ahead of the future trends will not only secure a cheaper home, but will no doubt benefit from a higher rate of house price growth as a result.”
