Toronto-based EV retailer aims to make EV ownership accessible for everyone

[Summitric]

[FONT=&quot] [/FONT]May 5, 2021 by Christine Hogg[FONT=&quot][/FONT][h=1]Toronto-based EV retailer aims to make EV ownership accessible for everyone[/h][FONT=&quot]Toronto-based electric car retailer, electric vehicle network (EV Network) has raised its first seed capital from investment firm, EV Angels to make electric car ownership more accessible for everyone.[/FONT]
[FONT=&quot]According to the latest survey by KPMG, nearly 70 per cent of Canadians who plan to buy a new vehicle within the next five years are likely to buy an electric vehicle.[/FONT]
[FONT=&quot]Recognizing the mass market potential available in high-quality pre-owned electric cars, EV Network has created a customer-centric model around private consultations, test drives, and longer rental experiences – providing consumers with the unique opportunity to try out a wide variety of models and earn credit towards the sale of the electric car of their dreams.[/FONT]
[FONT=&quot]A recent study also shows that low-income households could see significantly higher savings than other income groups by replacing at least one vehicle with an EV. This trend is only expected to increase over time.[/FONT]
[FONT=&quot]“Electric cars often surprise customers by how easily they fall in love with them but buying your first electric car can prove to be more challenging than you might expect. Nothing beats taking a fully electric model home to try it for several days while having a team of experts on hand who can answer all your unique questions,” says EV Network president, Darryl Croft.[/FONT]
[FONT=&quot]After closing a first Seed Capital investment of $500,000 with EV Angels Inc., EV Network is furthering its technology-based approach to mass EV adoption by implementing services such as a contactless 24/7 online renting and purchasing experience. EV Network is also looking to expand its presence in Atlantic Canada by charging up its other location in St. John’s, NL.[/FONT]
[FONT=&quot]Following the investment, both EV Angels’ partners Sean and Daniel Hart will join the EV Network board of directors to advise and accelerate the growth of the company. Sean, a long-time EV advocate and technology professional – supporting advocacy groups nationwide through his work as Vice President of EV Society and his founding of the Windsor-Essex Electric Vehicle Association – brings his wealth of applied computer technology to the company. Daniel also adds his rapid growth business acumen to the team having founded, led, and sold a prop-tech company in Dubai in 2017.[/FONT]
[FONT=&quot]“Daniel and I are excited to join the team at EV Network and help accelerate the transition to electric car ownership. EV Network brings a unique approach which gives consumers the confidence they need to make the switch to electric,” says Sean Hart, who will take on the role of VP, Systems Development.[/FONT]
[FONT=&quot]Building on growing environmental consciousness, an increased market share of electric vehicles, and an emphasis on a customizable consumer experience, EV Network is set to be a true innovator in the next chapter of the Canadian automotive industry.[/FONT]

 

[BILTIT]

I highly doubt that 70% of canadians that are buying a new vehicle in the next 5 yrs are likely to buy EV. Maybe 15%.

 

[snopro]

A couple years ago Danielle Smith had an expert on and he said only 3% of cars in North America were EV. Long ways to go

 

[snopro]

Be interesting to know what the average North American purchasers buying history is when updating vehicles? 5? 10 years? A lot of peeps will have to upgrade in next buying cycle to have a chance of hitting lefty targets

 

[FernieHawk]

What the KPMG survey actually said:

"Seven in 10 Canadians (68 per cent) who plan to buy a new vehicle within the next five years are likely to buy an electric vehicle (EV), either pure or hybrid, although the lack of a robust charging infrastructure, battery life and range and the purchase price remain persistent concerns, finds a new survey by KPMG in Canada."

Big difference between buying a Hybrid or pure EV...what they should have said in the news release was an Electrified Vehicle...not Electric Vehicle (EV)

 

[Caper11]

With this carbon neutral trend that forming, I dont see any recreational industry surviving it.

 

[DaveB]

Interesting….

Some California EV Owners Allegedly Switch Back to Gas

 

[BILTIT]

With all this carbon reduction, what kind of life forms are we.......carbon.

 

[ABMax24]

Well in 10 years when gasoline costs $2-$2.50/liter there really won't be much of a choice for most Canadians, electric will be the only vehicles they'll be able to afford to fuel/charge.

 

[BILTIT]

Except the electrical grid cant handle that many charging.

 

[woody_tobius_jr]

Except the electrical grid cant handle that many charging.

That’s what I read as well, our infrastructure is nowhere close to being able to handle the power that would be required for an EV trend

 

[smokinD]

Well in 10 years when gasoline costs $2-$2.50/liter there really won't be much of a choice for most Canadians, electric will be the only vehicles they'll be able to afford to fuel/charge.

Gas might be 2-250 a ltr but just think how much your power rate is gonna be, not to mention the price increase to pay for the infrastructure upgrade. Unless of course some think they will be the only man or woman on the block with and EV then risk the car jacking or even worse. Unless of course 1 can afford a private security detail lol!!

 

[Cdnfireman]

Well in 10 years when gasoline costs $2-$2.50/liter there really won't be much of a choice for most Canadians, electric will be the only vehicles they'll be able to afford to fuel/charge.

I disagree. If you think that the current low electricity rates will stay that way for 10+ years and that all the subsidies continue for EV’s, your delusional. EV’s will, over time, be just as expensive to operate and buy as ICE vehicles. In addition, your household and industrial electricity rates will skyrocket as well to cover the upgrading costs and demand surcharges that large scale EV charging will bring. What will happen when carbon taxes and unreliable green energy schemes increase, is the economy will tank. Countries like India and China will prosper as we politically correct and woke ourselves into the poorhouse.

 

[ABMax24]

Except the electrical grid cant handle that many charging.

Let's try to explore a near worst case scenario to examine this:

There's about 3.5 million registered vehicles in Alberta. Lets assume every one of those vehicles are driving an average 50km per day commute. Lets also assume those cars are similar to a Model Y and consume 10kwh to make that commute. Let's also assume those vehicles are charged over an 8hr period all at the same time during the night.

3,500,000 x 10kwh = 35,000MWh. Total daily energy use for all cars.
35,000MWh / 8h = 4375MW additional charging power consumption added to the grid during that 8hr charging period.

This time of year the nighttime power consumption for the province of Alberta is between 8,000 and 9,000MW. So if the entire province went to all electric cars this would increase total nighttime electrical demand about 50%. The peak day time power load in summer is around 12,000MW, so most of the infrastructure to handle this load mostly already exists. Would this require some grid improvements and new power plants to be built? Absolutely. Would it instantly cripple the grid, or be an insurmountable task to achieve? No.

Where the issue comes from is from the increase in localized demand. Many neighborhoods wouldn't have enough capacity to support charging an EV or 2 at every house, so upgrades would be needed in many distribution systems. Again not an insurmountable task, but it would be a cost that would be past on to consumers in the form of higher transmission and distributions fees on their power bills.

 

[BILTIT]

10kwh in -30? Or is it worse?

Does it need to be stored indoors overnight? How much power is used or lost due to cold?

Many more things to look at.

10kwh/50km is that sticker rating or real world?

What about towing my boat or sleds?

 

[ABMax24]

I disagree. If you think that the current low electricity rates will stay that way for 10+ years and that all the subsidies continue for EV’s, your delusional. EV’s will, over time, be just as expensive to operate and buy as ICE vehicles. In addition, your household and industrial electricity rates will skyrocket as well to cover the upgrading costs and demand surcharges that large scale EV charging will bring. What will happen when carbon taxes and unreliable green energy schemes increase, is the economy will tank. Countries like India and China will prosper as we politically correct and woke ourselves into the poorhouse.

Absolutely electricity costs will rise in some parts of Canada, Alberta will be one of the hardest hit. Places like BC with hydropower will see little to no change, and EV's will be more cost effective. Even in Alberta power costs will still rise slower than the cost of gasoline, natural gas produces less CO2 than gasoline and will pay less carbon tax. Natural gas electricity generation is also more efficient, especially combined cycle powerplants which are roughly twice as efficient as an ICE in a car, and will pay less carbon tax per unit of energy output as well.

China and India are/will be leaders in renewable energy. Their governments are becoming very aware that it is cheaper to build renewable energy facilities than to hospitalize/kill millions of their citizens every year from the pollution generated from fossil fuel combustion. Last year China installed 71.6GW of wind generation alone, over 4 times the generation capacity of the entire province of Alberta.

 

[BILTIT]

Hope all that wind energy does better than texas.

 

[Cdnfireman]

Add to those numbers delivery fleets like fedex etc, municipal government fleets, dozens of cars simultaneously charging in apartment buildings etc….and where do people charge their cars that street park? What happens when your neighbour takes your spot? Makes the greenies all warm and fuzzy dreaming about it, but reality will catch up and demonstrate the impracticality of it.

 

[ABMax24]

10kwh in -30? Or is it worse?

Does it need to be stored indoors overnight? How much power is used or lost due to cold?

Many more things to look at.

10kwh/50km is that sticker rating or real world?

What about towing my boat or sleds?

Yeah it'll use more in the cold, but can easily be left outside. This is really no different than the way electrical demand works already, when buildings/houses need more heat electrical demand increases.

Both.

Not everyone in Alberta owns a boat or sleds, actually most people don't. The extra energy you need can come from the portion of the 3.5 million cars that don't get driven everyday.

My intent wasn't to provide an accurate number to the nth decimal place, but rather to give a general idea that it is possible to switch to EV's without crippling the provincial electrical grid.

 

[ABMax24]

Add to those numbers delivery fleets like fedex etc, municipal government fleets, dozens of cars simultaneously charging in apartment buildings etc….and where do people charge their cars that street park? What happens when your neighbour takes your spot? Makes the greenies all warm and fuzzy dreaming about it, but reality will catch up and demonstrate the impracticality of it.

Houses built before the 90's weren't designed with the intent of having internet service either. Yet I don't know anyone that doesn't have internet service in their house, even those built in the 60's. Problems like these can be solved, and entrepreneurs that can do it the cheapest on a mass scale stand to make a small fortune retrofitting homes/apartments for EV's.