Liang, J., Qiu, Y., Liu, P. et al. Effects of expanding electric vehicle charging stations in California on the housing market. Nat Sustain 6, 549–558 (2023)

Objective:

• Apply a reduced-form hedonic property value approach where access nearby EV charging infrastructure is capitalized into property values

Case:

• California

Methodology:

• Two-way fixed effects model (generalized DID)
  • Control group: house without proximate EV charging stations (EVCs)
  • Test: Parallel trend
• Endogeneity: IV
• Semiparametric approach

Data Source: partial open

• EVCS: US department of Energy’s Alternative Fuels Data Center
• Housing transaction: Zillow
• Population density and income: Bureau of Economic analysis
• EV sales share: California Energy Commission
• Electricity price: EIA
• Environmental awareness: Yale Program on Climate Change Communication
• Traffic flow and PM2.5: monitoring sites in the California highway system
• Establishments: US census bereau

Findings:

• EVCs increased house prices and the magnitudes of the price premium vary across different distance bins
• The largest price premium is 5.8% for houses located about 0.4-0.5 km from charging stations

• Higher-income residents are significantly more likely to pay a higher premium for houses near public EVCSs, other positive factors including lower market shares, higher environmental awareness

• Installation of charging stations increases the annual traffic by 0.3% and increases the peak month traffic by 0.5%
• PM2.5 decrease by 1.3-2.2%

• People in multifamily houses do have a higehr willingness to pay for EVCSs
• Houses located fewer than 300 m away from highway chargers experience negative impacts
• Exclusive EVCSs have a lower housing premium at 1.0-3.6%

Coding Reference:

• Stata and R