A recent study by Bloomberg shows that by 2040 electric vehicles will make up the majority of new car sales worldwide, and account for 33% of all the light duty vehicles on the road.
Because of that, electric charging stations at homes are gonna become more and more and more valuable.
So think about this when you're working with a builder or somebody that's doing a remodel or flip on a home. Would it be important, would it be something valuable to add that charting a station to the property as a way to create more value in that property to a pretty large segment—and growing—segment of home buyers?
By the way, an upgrade in capacity for electrical load, according to Seth Cutler, is that it's gonna cost between about $1,500 and $7,500 to upgrade your electrical system to handle that capacity.
But what can you get back when you sell the property? Well, we don't know that hasn't been studied. But we do know that it's among the top five features that millennials want in their next home purchase.
60-70% of millennials want an electric charging station in their home. So think about it.
Should I, could I add an EV charging station to my property when I'm doing a remodel or I'm building a new home? Something to really consider going forward.
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