There are several home features growing in popularity that are likely to become the norm in 10 to 20 years, such as electric vehicles. Homes are meant to last decades, and getting ahead of the curve by pre-wiring for electric vehicle charging can set both you and your homebuyers up for success, suggests the National Association of Home Builders. One builder equates it to wiring for cable television in every home back in the ‘70s and ‘80s. By 2030, it is projected that electric vehicles will make up 20% of all car sales. Additionally, many auto manufacturers have plans to phase out combustion engine vehicles between 2025 and 2040.
Your clients may not own an electric vehicle today, but they may be interested in one in the future and appreciate the value that a home pre-wired for EV may provide down the road. As of 2018, the median length of time owners stay in their homes in the United States is 13 years, which suggests many current builds may be up for resale by 2030.
Several auto manufacturers have announced they are phasing out combustion engine vehicles between 2025 and 2040, and as of 2018, EVs were projected to constitute 20% of annual vehicle sales by 2030. An increasing percentage of Americans will probably or definitely own an electric vehicle within the next five to 10 years, with 52% of respondents to recent surveys indicating such in 2021 compared to 15% in 2018. Current and pending financial incentives for both vehicles and the associated infrastructure may increase interest in a home that can accommodate EV charging.
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