"As EV adoption continues to rise, the presence of a private charging point is becoming a significant advantage for sellers, and our data shows exceptionally high demand for EV-compatible homes across the capital"
- James Stevenson - Foxtons
Demand for homes with electric vehicle (EV) charging points remains robust across many areas of the capital, with this shifting preference set to continue despite the Government's latest Budget confirming a future mileage-based tax for EV owners, according to the latest market analysis by Foxtons.
Despite the recent Autumn Budget confirming the introduction of a new mileage-based tax for EVs from 2028, Foxtons believes that additional announcements of strengthened purchase incentives, along with ongoing investment in charging infrastructure and the underlying affordability benefits of electric vehicles, will ensure that adoption continues to rise.
As a result, homes offering private charging facilities are expected to become even more attractive to buyers, helping to support stronger competition and pricing for sellers who can provide this increasingly sought-after feature.
Foxtons analysed current for sale market stock across every London borough to assess both demand for homes with EV charging points and the availability of such properties.
The research shows that across London, demand for a property boasting a private EV charging port is robust, with some 28% of homes offering such a feature having already found a buyer, even in the more restrained market conditions that preceded the November Budget.
In several boroughs, demand is substantially higher. Islington leads the capital with 60% of EV-equipped homes already under offer, followed by Bexley at 53%, while both Barking and Dagenham and Lewisham stand at 50%. Haringey, Sutton and Havering also show elevated demand levels, ranging between 41% and 44%.
However, availability remains extremely limited. Just 1% of all homes currently listed for sale in London include an EV charging point, with Merton offering the highest share at only 4%.
The Budget's introduction of a mileage-based tax from 2028 has created new cost considerations for EV drivers, but the Government has simultaneously reinforced its commitment to boosting adoption. Upfront purchase incentives have been extended, eligibility thresholds raised, and significant funding committed to improving public charging provision.
Foxtons expects these measures to sustain long-term growth in EV uptake, ensuring that private charging facilities continue to rank highly among buyer priorities. However, the scarcity of properties offering private charging points is likely to intensify buyer competition and could drive house prices for properties offering such a feature.
"The Budget has added a new long-term running cost for EV owners, but it has not altered the broader direction of travel," said James Stevenson, managing director of sales at Foxtons. "Electric vehicles remain a more affordable and popular choice for many Londoners, and the Government has strengthened the support available to those opting to go greener when it comes to their mode of transport."
"As EV adoption continues to rise, the presence of a private charging point is becoming a significant advantage for sellers, and our data shows exceptionally high demand for EV-compatible homes across the capital," Stevenson explained.
"Yet the number of these properties on the market is extremely low, and this creates a clear opportunity for homeowners," Stevenson added. "Buyers increasingly value convenience, security and future readiness, and homes that provide private charging facilities are well placed to attract stronger interest and competitive offers in the years ahead."
