Despite EV Bolt Recall At GM (NYSE: GM), Electric Car Sales Doubled In U.S. In 1st Half With Tesla (NASDAQ: TSLA) Leading The Electric Vehicle Surge with 78% Sales Spike In 1st Half 2021, Bodes Well For Electric Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says On Track For $150 Million Volume In 2022 FY

Chevy Is Recalling 69,000 of its EV Bolt cars at GM (NYSE: GM) due to fire fears, but electric car sales doubled in 1st half in the U.S. with top-ranked Tesla (NASDAQ: TSLA) leading the way with an estimated 78% hike in vehicle sales for the first half through June 2021 compared to last year. That bodes well for EV Charging Stations, especially as President Biden is seen supporting EVs with a rebate program to spur sales this Fall and his DOE offering grants for the build out of more EV Charging Stations. As states push ahead with more EV Charging Stations, and OEM EV makers announce partnerships for the installation and maintenance of power systems, renewable energy companies such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) have applied for grants to help fund a larger EV Charging Division and acquiring companies to increase its footprint in this space. It recently acquired solar and EV infrastructure firm USA Solar Network and  SIRC says its FY 2022 volume is on track to reach $150 million.

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), 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).

Despite EV Bolt Recall At GM (NYSE: GM), Electric Car Sales Jump In U.S. With Tesla Leading The Electric Vehicle Surge with 78% Sales Spike In 1st Half 2021, Bodes Well For Electric Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says On Track For $150 Million Volume In 2022 FY

Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021with Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers such as Mercedes-Benz, Volkswagen and BMW AG setting self-imposed deadlines of 2030 for all-electric model lines. As more EV Charging Stations appear, range anxiety is becoming less of a barrier to electric car sales in the U.S. America is lagging behind Europe and China in warming to EV vehicles. Compared to worldwide EV growth, U,S, drivers have proved slow to buy electric vehicles — but they are beginning to like the idea of new technology and gas-less cars.

In total, EV vehicle sales are only a small piece of the OEM car market, but it is growing faster — outpacing the lowly 29% gain for all car sales so far this year, Wards Intelligence estimates, according to a report in The Wall Street Journal. Tesla will report its official Q2 2021 performance numbers today (Monday, July 26, 2021).

EV Charging Stations —- especially fast charging stations — are a key factor in driving electric vehicle sales. As drivers become more confident in the range and charging ability of EV cars, they appear to like the new technology, ease of maintenance and social positives of non carbon-emitting transportation. The recall of the Chevy Bolt due to battery-caused fires — with the OEM manufacturer now asking owners to leave their vehicles outside after charging them — did not slow down the fast growth of EV vehicles in the U.S. In May and June of 2021, electric car sales for the first time topped out last 3% of total U.S. auto sales — the first time it has been that big. It has been at 2% of U.S. auto sales in the past.

Funds to support EV vehicles, in the form of rebates, plus grants to EV Charging Station companies are in the $3.5 trillion infrastructure bill still in negotiations this week between the two major parties in Congress. Meanwhile, states like Tennessee and New York are pushing ahead with initiatives to build more EV Charging Stations. Companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) in the EV Charging Station space have applied for government grants to help it speed their build outs of EV Charging Stations. By growing organic sales and acquiring more companies in the green renewable energy sector, SIRC says its volume is on track to reach $150 million in FY 2022.

As states and OEM EV vehicles manufacturers like Ford (NYSE: F) are finallzing EV Charging Station partnerships Ford with Sunrun, Inc. (NASDAQ: RUN), the Federal government has made a priority of supporting EV vehicles and EV Charging Stations with grants, rebates and other initiatives, but Congress cannot more rapidly on cementing the renewable green energy infrastructure program into law.  The $3.5 trillion proposed new spending package — combined with the $600 billion already in the bipartisan spending program — makes for a total of $4.1 trillion.

As part of its commitment to green renewable energy, SIRC last week signed a purchase agreement to acquire USA Solar Network  LLC, a solar energy and EV Charging infrastructure company, enabling to expand its sales by 50-100% growth or $50 million per year in incremental growth at 16% gross margins as early as FY 2022. Led by Pablo Diaz, CEO, USA Solar Network has scaled into 38 states and key markets such as Texas, Florida, Illinois, Arizona, Missouri and New Mexico. Despite EV Bolt Recall At GM (NYSE: GM), Electric Car Sales Doubled In 1st Half In U.S. With Tesla (NASDAQ: TSLA) Leading The Electric Vehicle Surge with 78% Sales Spike In 1st Half 2021, Bodes Well For Electric Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says On Track For $150 Million Volume In 2022 FY.

On July 21, SIRC announced plans to acquire multi-platform Approved Home Pros and its proprietary platform tool Pro Finder. This enables consumers to hire Pro Finder-approved contractors for home improvement work. It is a great fit for explore and internal and organic growth for SIRC. Anticipating a July 31, 2021 close on the acquisition, SIRC believes the new company will generate $11 million in new annualized volume for the parent company. It will offer leads to the SIRC family of companies while also offering the company enhanced branding and exposure to consumers. It is also part of SIRC’s strategy of increasing its internally-generated or organic growth.

David Massey, CEO of SIRC, told shareholders in his first live Q&A session that the company is now tracking towards a $150 million volume in FY 2022. His vision for later performance is for a company doing $250 million annually with a $25 million gross profit. Despite EV Bolt Recall At GM (NYSE: GM), Electric Car Sales Doubled In 1st Half In U.S. With Tesla (NASDAQ: TSLA) Leading The Electric Vehicle Surge with 78% Sales Spike In 1st Half 2021, Bodes Well For Electric Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says On Track For $150 Million Volume In 2022 FY.

The transaction to buy USA Solar Network marks an important moment for SIRC — in addition to the anticipated dramatic volume and footprint gains. David Massey, CEO of SIRC, said, “USA Solar Network has a footprint in exciting new markets that will continue to broaden our national reach — the missing piece to the puzzle, allowing us to expand to new markets nationally with minimal cost using their existing network spanning solar and EV installation.”

Massey added that USA Solar Network has built strong partnerships with key players in the solar and EV charging industries. The acquisition is expected to act as a notable growth driver for solar and EV charger installers within the SIRC family of companies who can complete the work once the sale is complete through USA Network, capturing the full lifecycle value of each customer, the Company said. Despite EV Bolt Recall At GM (NYSE: GM), Electric Car Sales Doubled In 1st Half In U.S. With Tesla (NASDAQ: TSLA) Leading The Electric Vehicle Surge with 78% Sales Spike In 1st Half 2021, Bodes Well For Electric Charging Stations; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Says On Track For $150 Million Volume In 2022 FY.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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