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             

The Electrician Forum is a monthly column that provides valuable information to electricians and electrical contractors on current industry trends and concerns. 

Schneider ElectricSponsored by Schneider Electric

In this issue: 

Quite simply put if you feel that job site costing and quote development are a lot of work, you are right! To properly assess a job and estimate the required work time, product costs and various other expenses can take more time than is often feasible for a small company. You need to be spending your time completing projects, which can become difficult if you are spending your hours doing cost analysis. We learned this first hand in last month’s edition of the Electrician Forum when Steve Beeby of Beehive Electric discussed the balance required to own and operate an electrical contracting company.

read more...

Watch a portion of the interview conducted by Electrical Industry Canada with Steve Beeby of Beehive Electric

 

Fluke Hammon Healy

As our population grows and consumers continue to rely on technology for both essentials and comfort, the need for power quality has become vital. Fluke is a leader in this field, offering power quality training seminars, as well as employing power quality specialists with years of industry experience.

This month’s personal profile is a double feature of two of Fluke’s senior power quality specialists, Hilton Hammond and Frank Healy.

Hilton Hammond has been with Fluke since 1995, and in 2013 moved into his current position as Power Quality Business Unit Manager. He has a deep and thorough knowledge of power quality and related electrical instrumentation. 

Frank Healy, Power Quality Product Marketing Manager at Fluke since 2006, has been in the industry for well over three decades. He globally manages Fluke’s power quality products, including measuring instruments and precision power analyzers.

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 Sean Freeman

Sean Freeman is a vibrant, enthusiastic and selfless individual who has taken his trade expertise beyond that of a simple career. Not only is he a Master Electrician but he has traveled around the world as an electrical technician delegate with the Red Cross Emergency Response Unit. His skills are a vital part of emergency response and disaster relief.

In 2013 Sean responded to Typhoon Haiyan in the Philippines. In 2014 Sean spent almost a month in Kenema, Sierra Leone working at the Ebola Treatment Centre. There he was responsible for ensuring electricity and clean water were available, and worked to strengthen the infrastructure of the facility. 

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