Electric Vehicle Industry Faces Tailwinds And Headwinds: Grants For Cars, Grants For EV Charging Stations, Federal Tax Credits, Shortages Of Chips, Lithium-Ion Metal Price Surges; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Great Business Opportunity For PLEMCo. Subsidiary In EV Charging Station Demand

Tighten your seat belts, it’s going to be a bumpy ride — to get the electric car/truck industry launched. Tailwinds for growth include government tax credits, federal grants to OEM makers, and a whirlwind nationwide program to encourage a network of EV Charging Stations. Headwinds are chip shortages, lithium-ion battery surging prices and erasing range-anxiety from wary prospective customers. For Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary, EV Charging Stations will be in demand and that puts SIRC in the driver’s seat.

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).

Electric Vehicle Industry Faces Tailwinds And Headwinds: Grants For Cars, Grants For EV Charging Stations, Federal Tax Credits, Shortages Of Chips, Lithium-Ion Metal Price Surges; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Great Business Opportunity For PLEMCo. Subsidiary In EV Charging Station Demand

In what has all the makings of a Hollywood movie, the electric car/truck industry is already in a race for market share and leadership. Learning from chip shortages for its gas powered vehicles, OEM players like General Motors (NYSE: GM) and Ford (NYSE: F), have learn their lesson. They will source chips from domestic sources, partner with battery-makers and are building their own production plants to make lithium-ion batteries themselves.

But there’s a catch. Lithium is scarce, being pursued by numerous IPO vehicle startups… and price costly.

Daniel Clarke, analyst at GlobalData in London, says it all: “You’ve got soaring demand for all these battery metals and there’s this complete disconnect” between the mining sector and the automotive industry.

In 2022, shortages of lithium are expected by the industry. And even when you can source it, January 2020-January 2022 prices on key ingredient cobalt are up 119%.

Nickel, another important metal, is also scarce and costly. Elon Musk, founder and CEO of Tesla (NASDAQ: TSLA) tells miners , “Please get nickel.”

Substitute metals and cheaper iron cathodes can help. But, at the end of the day, all this means price hikes for electric cars are coming or are already here. Some OEM electric car/truck makers are hiking prices by $1,000 or more — if they can the metal ingredients they require.

In the final months of 2021, inventories of lithium were drawn down. Not with empty shelves, lithium supply will eventually catch up to demand — but not right away. And not at today’s prices.

Wall Street investors like the electric vehicle business for numerous reasons. But shortages of parts — particularly metal parts for batteries — may at some point slow growth in this runaway new industry. Electric Vehicle Industry Faces Tailwinds And Headwinds: Grants For Cars, Grants For EV Charging Stations, Federal Tax Credits, Shortages Of Chips, Lithium-Ion Metal Price Surges; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Great Business Opportunity For PLEMCo. Subsidiary In EV Charging Station Demand.

Ford is locked in an EV vehicle leadership battle with General Motors (NYSE: GM). GM says is all in, even suspending its dividend to fund its infrastructure building costs on EVs. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees opportunity in all this for its PLEMCo. subsidiary and EV Charging Station demand.

The good news, is that despite it all demand for EV Charging Stations in North America will thrive. The industry will need them to be seen everywhere.

General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America in 2022-2023 compared to only 25,000 Bolt models sold last year. If the target sales are met, it could mean a spectacular opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary that builds EV Charging Stations.

Automotive analysts agree that the war for electric vehicle leadership will not be won soon, and that the major initial battle between GM and Ford will begin in…pickup trucks. On the front lines with be the electric Ford Lightning and GM’s Silverado. They are high margin and fighting for the heart of middle, blue collar America.

So, where is the leader-to-date Tesla (NASDAQ: TSLA) in all of this. It leads in electric cars, has debuted its truck and owns 56% of the EV Charging Station business. Electric Vehicle Industry Faces Tailwinds And Headwinds: Grants For Cars, Grants For EV Charging Stations, Federal Tax Credits, Shortages Of Chips, Lithium-Ion Metal Price Surges; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Great Business Opportunity For PLEMCo. Subsidiary In EV Charging Station Demand.

Mary Barra, CEO of GM, says the Company is focusing on selling more electric vehicles now — rather than posting a profit.  Ford wants a profit in electric vehicle right away. GM, she said, is now looking to build its third electric truck plant. GM is now only chasing electric market leader Tesla (NASDAQ: TSLA), it is all-in on the electric vehicle business model.

As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader.

And either or both together will form an important competitive force to leader Tesla (NASDAQ: TSLA). As market leader, Tesla has all the business it can handle. In fact, it is so backed up that in 2022 it is focusing on delivering already-ordered cars/trucks rather than launch new models.

Sales for GM rose a modest 3.7% last year, she said, as chip shortages and supply chain delays cost the Company sales late in the year. Its Q4 income dropped 39%, she added. But its guidance for 2022 is profit in the range of $9.4-$10.8 billion.

In all of this, Ford CEO Jim Farley, says, “We’re at the very beginning of this journey.” He foresees a long competitive race for electric vehicle leadership, and he’s right. From year-to-year, a American brand can dominate electric vehicles with new models and entrenched leadership. The lead can change hands, as well. But SIRC’s PLEMCo., will win no matter which company sells more electric vehicles in any given year.

SIRC’s advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says. But it is also watching partnership agreements between EV Charging Station companies and OEM electric car makers and other retailers allied to the field — such as Bridgestone-owned Firestone aftermarket auto repair/tire centers.

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.

Electric Vehicle Industry Faces Tailwinds And Headwinds: Grants For Cars, Grants For EV Charging Stations, Federal Tax Credits, Shortages Of Chips, Lithium-Ion Metal Price Surges; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Great Business Opportunity For PLEMCo. Subsidiary In EV Charging Station Demand.

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

Source: Stock Market Press

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