Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220753
Title: THE IMPACT OF ELECTRIC VEHICLE CHARGING STATIONS ON HOUSING PRICES
Authors: LI YUNSHENG
Keywords: 2020-2021
Real Estate
Bachelor's
BACHELOR OF SCIENCE (REAL ESTATE)
Qin Yu
Electric Vehicle, Electric Vehicle Charging, Housing, Housing Price
Issue Date: 12-Apr-2021
Citation: LI YUNSHENG (2021-04-12). THE IMPACT OF ELECTRIC VEHICLE CHARGING STATIONS ON HOUSING PRICES. ScholarBank@NUS Repository.
Abstract: The adoption of electric vehicle (EV) globally increased more than sixfold within the last decade, and the trend is likely to continue. Being a vital infrastructure to usage of EVs, the charging stations network is also rapidly expanding. The question arose as how installation of such facilities would affect housing prices nearby. This research aims to quantify the influence of EV charging stations on private housing prices in close proximity. The objectives include to explore the relationship between dwelling unit’s distance to a charging facility and its total resale price. Since some of such infrastructures are located within petrol stations, effort is also put into investigating the differences in the impact of a charging station and a traditional petrol station. Two hedonic pricing models are constructed to fulfill the objectives – a spatial variations model and a Difference-in-Differences (DID) model. The study includes a total of 8459 property transactions from January 2019 to February 2020. The DID analysis reveals that properties located within 200 meters radius of a stand-alone EV charging stations command a price premium of 5.38% as compared to flats located further away. Yet it was also found that within the 200m radius group itself, properties experience a price discount for getting too close to charge points, hinting a possible “close-but-not-too-close” mindset concerning charging facilities. The research also found that perception towards petrol stations changed for the better after deployment of EV charging. But the effect is not strong enough to offset the overall dis-amenity of a petrol station.
URI: https://scholarbank.nus.edu.sg/handle/10635/220753
Appears in Collections:Bachelor's Theses

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