States Are Planning On Putting One Million Electric Cars On The Roads In 2022 And Making Provisions For Electric Charging Station Pricing And Infrastructure; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bull-ish On Growth Of EV Charging Station Market
Here they come. All 50 states — led by California and Hawaii — are together planning for the addition of one million electric cars on the road. EV Charging Stations are being given special electricity rates and fast-building funding for infrastructure. Every state and both political parties are not wanting to be left out. They’re involved in planning for electric cars — from building networks of EV Charging Stations for electric cars/trucks to ensuring infrastructure is ready.
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States Are Planning On Putting One Million Electric Cars On The Roads In 2022 And Making Provisions For Electric Charging Station Pricing And Infrastructure; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On Growth Of EV Charging Station Market
In a collaborative forum for state lawmakers, Dylan McDowell says, “This is the start of a really big turning point.” Deputy Director of the National Caucus of environmental Legislators McDowelll adds, “We will see a lot more emphasis on electric vehicles in 2022 and 2023.”
In blue and red states combined, these legislators will focus on new federal funds for electric charging stations, electrified state vehicle fleets, consumer incentives and new eV Charging Stations mandated in new buildings.
Seeing a clear trajectory for electric vehicles on the frontline in the battle again greenhouse gas emissions – studies show they make up some 30% of the national total — these State legislators will begin planning for the electric car/truck onslaught now. Both parties back the EV initiatives and want to make sure their State governments are ready.
As the federal government provides funding for EVs, these elected leads want to ensure they are following closely behind EV state leaders California and Hawaii. States Are Planning On Putting One Million Electric Cars On The Roads In 2022 And Making Provisions For Electric Charging Station Pricing And Infrastructure; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On Growth Of EV Charging Station Market.
Hawaii state Sen. Chris Lee, says, “We’re just at the inflection point where we’re about to take off in a huge way. Our charging capacity has been greatly outstripped by the number of EVs out there. We need a lot more capacity, and quickly.”
One priority in tourism-driven Hawaii is address the need for the EV Charging Stations for rental cars. The State is planning to build charging hubs for tourists who rent cars while visiting Hawaii. They also want charging station at public parking lots. And they want discount incentives such as rebates for electric car buyers.
OEM electric vehicles are coming from Tesla (NASDAQ: TSLA),Toyota (NYSE: TM), General Motors (NYSE: GM), As Ford (NYSE: F) and other major brands.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., subsidiary wins as EV Charging Stations take priority in Hawaii and other states.
Coastal elites may have thought they would have the electric EV market all to themselves — even mid-class OEM maker Toyota agreed. All were wrong as the opening salvo market share battle is in the bluest of blue-collar markets: middle state-loved pickup trucks. The fact that all 50 states want to get ahead of the curve in EV Charging Station infrastructure to support electric cars/trucks is great for SIRC’s PLEMCo.
In land-locked midwestern states such as Wisconsin and Indiana, Republican lawmakers are backing State bills which would allow the owners of EV Charging Stations to sell electricity by the kilowatt-hour rather than by the minute. This has been reserved in the past for regulated utilities only. The new move would help propel the building of E Charging Stations in those States.
In States from Vermont to Washington, the electric vehicle momentum is here. That means more states are funding the building of EV Charging Stations for everything from school buses to rental cars.
Mary Barra, CEO of General Motors (NYSE: GM) unveiled her company’s Silverado at the recent CES Show in Las Vegas. Addressing an audience there virtually, Barra says, “Make no mistake — this is a movement.”
Can SIRC’s PLEMCo. cash in?
One reason it may hold the high ground in government-sponsored contracts. PLEMCo., specializes in government-financed work in other areas, such as lighting. It is already busy handling RFPs for EV Charging Station contracts, according to SIRC executives, such as Pablo Diaz, SIRC president.
Parent SIRC is already an applicant for some $80 million in government grants to build more EV Charging Stations. Chairman and CEO David Massey says he is still awaiting word on those applications. States Are Planning On Putting One Million Electric Cars On The Roads In 2022 And Making Provisions For Electric Charging Station Pricing And Infrastructure; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On Growth Of EV Charging Station Market.
Investors like what see in the electric car/truck market. They flocked to the IPO of Rivian (NASDAQ: RIVN). It has a market cap of some $91 billion today.
Tesla (NASDAQ: TSLA) stunned and excited the relatively new electric car industry when it reported Q3 record earnings of $1.6 billion on sales of $13.8 billion. This week, Tesla’s next earnings report is scheduled. Consumers waited some 10 months for the company’s electric cars as it reached production of 936,000 units. Competitors and Wall Street investors noticed.
Analysts who missed the Tesla (NASDAQ: TSLA) IPO and subsequent run-up, were determined not to miss Rivian’s (NASDAQ: RIVN) launch, market insiders say.
Rivian’s (NASDAQ: RIVN) staged a successful $70 billion IPO late last year, and is now selling its RIT electric pickup truck.
At just 4% of the U.S. new car population, electric vehicles are still in their infancy. It remains a wide-open field for car makers a well as EV Charging Station installers.
Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. They are betting on the Rivian IPO, startups like Foxconn, and the move by General Motors (NYS: GM) and Ford (NYSE: F) into all-electric cars and trucks in the near future.
States Are Planning On Putting One Million Electric Cars On The Roads In 2022 And Making Provisions For Electric Charging Station Pricing And Infrastructure; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On Growth Of EV Charging Station Market
To learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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