American Car Buyers May In A Few Years Have No Choice But To Buy An Electric Vehicle Because OEM Brands Are Planning All-Electric Models By The End Of The Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Betting On The Growth Of EV Charging Stations
The question on electric cars is backward. EVs today make up only 4% of new OEM cars in the U.S. Yet, soon American car buyers will have little or no choice when buying again. Increasingly, car brands from Chevrolet to Alfa Romeo, are going all in on electric cars/trucks. Car buyers will have little to no choice when buying in a few years because the automotive field will be dominated by all-electric models, whether you are buying a basic lower end or middle-end car — or an expensive, luxury model. As a result, EV Charging Station installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are betting on the growth of EV Charging Stations.
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).
American Car Buyers May In A Few Years Have No Choice But To Buy An Electric Vehicle Because OEM Brands Are Planning All-Electric Models By The End Of The Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Betting On The Growth Of EV Charging Stations
Last evening, Brent Crude oil reached $130.4 per barrel — unprecedented. Analysts say with President Biden now cutting off Russian supplied oil, the price per barrel could soar to n exponential $200 per barrel or higher.
The result will only be a greater rush to all-electric vehicles, raising its percentage of the U.S. new car OEM demographic from 4% today to perhaps 20% in just a few years from now.
One reason is that OEM car makers, familiar brands such as General Motors (NYSE: GM) and Ford (NYSE: F) to luxury brands from BMW and Mercedes to exotic makes such as Alfa Romeo. Even familiar brands such as Honda and Sony are teaming up to produce a new electric vehicle by 2025.
To an American consumer who may want to buy another gasoline-powered car, time may be running out. Even the brands he/she knows will be available in electric power only.
Analysts say the Russian invasion of Ukraine could now trigger $200 per gallon oil prices near term if the West shuns Russian energy. Brent Crude reached $130.4 last evening. American Car Buyers May In A Few Years Have No Choice But To Buy An Electric Vehicle Because OEM Brands Are Planning All-Electric Models By The End Of The Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Betting On The Growth Of EV Charging Stations.
If gas prices continue to spike, it would spark a rush to buy electric vehicles. A EV Charging Station nationwide network would then be most urgent. Enter SIRC and its refocus on the charging industry.
As the U.S. seeks to buy more oil from Saudi Arabia, Iran, Venezuela and other actors, it ignores the energy it has at home. If that is the case, SIRC would be properly re-focused on installing EV Charging Stations in the US.
SIRC sees the opportunity in EV Charging Stations for several reasons.
- We may be talking about $10 gallon gas in the near future. It has already surpassed $7 in numerous markets, particularly California. Anything is possible.
- Federal tailwinds include tax rebates, grants and funding of electric cars and EV Charging Station initiatives of some $5 billion.
As a part of its own transition, SIRC announced recently it signed an LOI to acquire three complementary LA-based EV Charging Installers with $100 million annually in the sales pipeline. David Massey, founder and CEO of SIRC, says it means an annualized sales run rate of $400+ million. SIRC is refocusing ts efforts wisely to capitalize on the EV Charging opportunity.
SIRC seeks to become the dominant nationwide player in the projected $28.4 billion by 2028 EV Charging Station industry. American Car Buyers May In A Few Years Have No Choice But To Buy An Electric Vehicle Because OEM Brands Are Planning All-Electric Models By The End Of The Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Betting On The Growth Of EV Charging Station.s
David Massey, founder and CEO of SIRC, says, “Electric vehicle charging is the next massive opportunity in our market, and this calculated alignment of our near-term focus will help to position SIRC as a clear national player in this space. The expanding EV charging market is being driven by the rapid adoption of electric vehicles nationwide — for example, the U.S. Energy Information Administration predicts there will be 7.5 million EVs on American roads by 2025.”
Massey adds, “To meet this expected surge in demand, just last week the Biden administration announced a plan to allocate $5 billion to states to fund electric vehicle chargers over five years as part of the bipartisan infrastructure package. This creates an absolutely immense opportunity for our family of companies nationwide.
Grand View Research reports that the U.S. electric vehicle charging infrastructure market size will increase from $2.1 billion in 2020 to $28.4 billion in 2028, a compound annual growth rate of 38.9%. With our proven success in solar, the EV charging market is opening the door for our company to capture dual-industry, synergistic avenues of growth.”
In addition, Massey says, “We are currently leveraging our vast network of nationwide installers to ramp sales efforts and capitalize on the exponential increase in demand. As of today, we have over $20.2 million in EV charging projects in our backlog with a further $30 million in the pipeline.”
American Car Buyers May In A Few Years Have No Choice But To Buy An Electric Vehicle Because OEM Brands Are Planning All-Electric Models By The End Of The Decade; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Betting On The Growth Of EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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