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<p>The electric vehicle (EV) adoption is seen as an important step toward reducing carbon emissions and achieving sustainable development. The EV adoption is heavily dependent on the deployment of public charging stations (PCSs). However, providing more PCSs for EVs can also change the local infrastructure, thus affecting the costs and benefits for adjacent residents. Here, based on the generalized cohort diffidence in diffidence and hedonic price method, using 312,633 microhousing transaction recodes in Beijing during 2012–2020, we examine the effect of proximate PCSs on housing prices. Our findings suggest that the accessibility of PCSs increase can be capitalized into property values, consequently boosting housing prices. Compared to houses without sufficient PCSs, the average local housing price premium is 3.4 ~ 4.2% (or RMB￥1671). Compared to properties without nearby PCSs, the most significant impact is observed in houses located within 1 ~ 1.4 KM of PCSs, with a premium of 11.1%. Additionally, we examine the mechanisms affecting housing prices, which include the improvement in air quality and reduction in traffic congestion. The air quality index near homes close to PCSs decreased by 6.2 ~ 6.7%, while nearby traffic volumes indicated an increase of about 6.5 ~ 7.1%. Furthermore, we found that the effect of access to PCSs on housing price premiums is most significant in Mentougou, Shijingshan, and Daxing districts, least pronounced in Dongcheng and Xicheng districts, particularly notable in areas near subway stations and among households with higher population density. Our findings suggest that PCSs can lead to property appreciation, which not only facilitates real estate companies in providing more PCSs but also helps real estate management accelerate the deployment of PCSs based on information about housing premiums.</p>

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Public charging stations and housing market: evidence from Beijing

  • 期刊论文

  • 发表日期：

    2025年5月24日

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  • Xiaolei Zhao

摘要

The electric vehicle (EV) adoption is seen as an important step toward reducing carbon emissions and achieving sustainable development. The EV adoption is heavily dependent on the deployment of public charging stations (PCSs). However, providing more PCSs for EVs can also change the local infrastructure, thus affecting the costs and benefits for adjacent residents. Here, based on the generalized cohort diffidence in diffidence and hedonic price method, using 312,633 microhousing transaction recodes in Beijing during 2012–2020, we examine the effect of proximate PCSs on housing prices. Our findings suggest that the accessibility of PCSs increase can be capitalized into property values, consequently boosting housing prices. Compared to houses without sufficient PCSs, the average local housing price premium is 3.4 ~ 4.2% (or RMB￥1671). Compared to properties without nearby PCSs, the most significant impact is observed in houses located within 1 ~ 1.4 KM of PCSs, with a premium of 11.1%. Additionally, we examine the mechanisms affecting housing prices, which include the improvement in air quality and reduction in traffic congestion. The air quality index near homes close to PCSs decreased by 6.2 ~ 6.7%, while nearby traffic volumes indicated an increase of about 6.5 ~ 7.1%. Furthermore, we found that the effect of access to PCSs on housing price premiums is most significant in Mentougou, Shijingshan, and Daxing districts, least pronounced in Dongcheng and Xicheng districts, particularly notable in areas near subway stations and among households with higher population density. Our findings suggest that PCSs can lead to property appreciation, which not only facilitates real estate companies in providing more PCSs but also helps real estate management accelerate the deployment of PCSs based on information about housing premiums.