Canadian Electrical Industry News Week

BC Hydro

Would you own an electric vehicle if it didn't cost an arm and a leg to buy? Well, depending on the type of car you're looking for, the math on total ownership costs is starting to point toward cost parity between full electric and gas-powered vehicles.

Last year, a study by Bloomberg New Energy Finance predicted that electric cars in the U.S. could be cheaper than gas cars by 2025. But another study released later last year, published in the journal Applied Energy, concluded that when all major costs are factored in (including purchase cost, depreciation and maintenance) electric cars are already cheaper than gas cars in the United Kingdom, Japan, Texas and California.

The truth is that electric vehicle ownership costs vary widely from region to region, in large part thanks to big gaps in gas/electricity costs and the availability of electric vehicle subsidies. But even here in B.C., where gas costs are much lower than in the UK or Japan, electric vehicles are getting much more appealing to the cost-conscious buyer.

The Canadian Automobile Association (CAA) has a popular online cost calculator that tries to sum up the difference in costs between gas vehicles and EVs. Here's what the calculator says about a comparison between the gas-powered 2017 Toyota Camry LE and the 2017 Chevy Bolt electric.

Based on 20,000 km of driving a year over five years, the CAA calculator estimates total cost of ownership for the Camry LE at $7,802 a year, compared to $9,769 a year for the Bolt.

The big factor in CAA's calculation is depreciation cost, which it estimates at $7,236 a year for the Bolt, to just $3,588 for the Camry. The Bolt is the big winner in annual fuel cost ($416 vs. the Camry's $2,135), and for those who make carbon emissions a priority, just 1,469 kg of greenhouse gases over five years, versus the Camry's 19,123 kg).

EV depreciation costs are difficult to estimate. CAA states that EV depreciation could change significantly in the coming years; for now, their estimates are based on "factors including the perception that technology is new and untested, low demand and government rebates artificially lowering the rate."

What does that depreciation mean to the would-be EV buyer? On the one hand, it's tempting to buy new and take advantage of B.C.'s up-to-$5,000 rebate that's only available for new electric vehicles. But for those not hung up on buying new, the used EV market can offer some enticing deals because of that depreciation, plus there's a $3,000 Scrap-it program subsidy when buyers of qualifying used EVs scrap their old gas guzzler.

For the complete article see: https://www.bchydro.com/news/conservation/2018/electric-car-costs-bc.html


Electrician Forum Brought to you by Schneider Electric

Schneider Electric

June 25, 2018

Sponsored by Schneider Electric

Today we are all concerned with the energy we consume within our homes. But how many truly understand the ins and outs of home energy use, and where exactly does the electrician and the development of energy management systems come into play. There is much to consider when discussing home energy use. The consumer first off needs to be informed about energy use, how it is calculated and ultimately billed if they are to make changes to their energy consumption rates. But in terms of educating consumers does the residential electrician have a role? And beyond that are manufacturers developing products designed to help electricians and consumers better understand residential energy use? Throughout this article we will deal with each of these important questions.

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Schneider

A new “future ready” circuit breaker from Schneider Electric is described by the company as the next generation of power distribution for the Internet of Things (IoT) era. Masterpact MTZ increases efficiency and can adapt to ever-evolving needs for safety, reliability and sustainability. The world is becoming more connected, electric, digitized, decarbonized, and decentralized, says Schneider Electric. Power distribution is facing new regulations, becoming more seamless and connected. 

Masterpact MTZ is the latest in a series of circuit breaker innovations, following Masterpact M, and then Masterpact NT/NW.

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Jeremy Herrington

Total Electrical Solutions was founded in 2013 by Jeremy Herrington in Quispamsis, on the outskirts of Saint John, New Brunswick. Since 2013 Jeremy has steadily grown Total Electrical Solutions in the residential, commercial and construction sectors. The growth is primarily the result of Jeremy’s customer first philosophy, plus his over 20 years of industry experience.

Jeremy grew up learning about the industry from his father who was an electrical contractor. Jeremy spent his early years helping and watching his father as a contractor and business owner. After high school Jeremy was, like many, not wholly aware of the course he wished to take and so he began an electrical apprenticeship at his father’s company.

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