Alliances, M&As, Strategic Partnerships Are Driving The Fast Growth Of EV Charging Stations At 31% CAGR To $22.02 Billion By 2025, New Study Says; So-lar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidi-ary, Sees Big Future For EV Charging Stations
Alliances, M&As and strategic partnerships are driving EV Charging Station growth. Research from Technavio finds that the industry will reach 31% CAGR To $22.02 billion by 2025 with these internal acquisitions and strategic partnerships with other brands driving volume gains. To Solar Integrated Roofing Corp. (OTC PINK: SIRC) and Its PLEMCo. Subsidiary, the research is another indicator that the EV Charging Stations will be a fast-growing business but is also ripe for brand building.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Alliances, M&As, Strategic Partnerships Are Driving The Fast Growth Of EV Charging Stations To $22.02 Billion By 2025, New Study Says; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Sees Big Future For EV Charging Stations
Consumers are future buyers of electric cars and trucks but care little about the brands of EV Charging Stations on the road — so long as there are plenty of them when a vehicle’s electric range charge is low. These drivers want to see as many f them as possible so they can reach their destination or get home. Further charging can happen there.
Consumers know brands such as Tesla (NASDAQ: TSLA), Blink Charging (NASDAQ: BLNK) or EVGo (NASDAQ: EVGO) in EV Charging Stations, but they are unsure about others. Enter installers like SIRC through PLEMCo. They have the ability to build a national brand name.
Technavio research finds that in electric cars, too, consumers like the electric car concept more than are actually loyal to the brands themselves. That’s an advantage for installers of EV Charging Stations like SIRC and subsidiary PLEMCo. In fact, SIRC has applied for a corporate name change to FINRA to SolarEV.
By seeking partnerships, collaboration with established brands and other strategic branding measures, no-names are linking to OEM car makers such as Ford (NYSE: F) and General Moors (NYSE: GM). But no-names EV Charging Station installers/operators are also teaming up with aftermarket auto resellers of tires such as Firestone.
This is an industry in its infancy, with brand partnerships being formed and links to known OEM car makers. The result will be even faster growth as a business. The only brand in partnership with itself in a proprietary business model is Tesla (NASDAQ: TSLA).
Alliances, M&As, Strategic Partnerships Are Driving The Fast Growth Of EV Charging Stations At 31% CAGR To $22.02 Billion By 2025, New Study Says; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Sees Big Future For EV Charging Stations.
President Biden envisions a national network of 500,000 chargers to support a fleet of new electric vehicles. Marketers understand that EV Charging Stations are vital to propel sales of electric cars/trucks to range anxiety-fearful potential buyers.
That’s why for EV Charging Stations building more is not enough. They need to be highly visible to drivers of gas-powered vehicles and be seen as an option for the next lease or car/truck purchase.
Some, like the Volkswagen Group subsidiary ‘Electrify America’ is going high profile already — with green neon lighting and selection of high profile locations along major highways, management told the Wall Street Journal.
Others, like EVgo (NASDAQ: EVGO), treat new EV Charging Stations like store openings — complete with ribbon cuttings, handing out flyers and complete the hoopla with doughnut offerings, said Jonathan Levy, CCO.
OEM car companies are going all-in — General Motors (NYSE: GM) is cutting out dividends in favor of electric car/truck investments — but potential buyers need to see more EV Charging Stations in operation than just be told they exist.
SIRC’s PLEMCo., subsidiary has an enormous opportunity to participate in the EV Charging Station industry. It is already a bidder on government contracts that will fund EV Charging Station installation initiatives.
Already, some EV Charging Station installers are forming partnerships with OEM electric car/truck companies. But SIRC’s advantage is its core business of solar — it already has installer/technicians working in homes. The Energy Department finds that 80% of all electric vehicle charging is done in the home — and SIRC’s teams are already there.
Analysts are proponents of high profile charging locations near auto dealerships, prominent retail stores and even tire dealerships. Range anxiety fears of potential electric car/truck buyers must be addressed. Only then will these potential buyers want to buy electric vehicles. Alliances, M&As, Strategic Partnerships Are Driving The Fast Growth Of EV Charging Stations At 31% CAGR To $22.02 Billion By 2025, New Study Says; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Sees Big Future For EV Charging Stations
Tesla (NASDAQ: TSLA) is the market leader in electric car sales and aftermarket EV Charging Stations. Everyone wants to catch Tesla. These competitors include: Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM), Nissan and all the European brands,such as BMW, Volkswagen, Mercedes, and others. Even Toyota — the slowest to join electric car believers — is now a competitor in electric cars/ trucks.
Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.
EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. As a result, they are bidding for government RFP contracts. They may be slow in coming, but they are large. SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations.
If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Alliances, M&As, Strategic Partnerships Are Driving The Fast Growth Of EV Charging Stations At 31% CAGR To $22.02 Billion By 2025, New Study Says; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Sees Big Future For EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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