EV Charging Stations Are Taking On A Higher Profile On Purpose So Potential Electric Car/Truck Buyers Can See Them And Have Confidence To Buy; Solar In-tegrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Would See Demand Spike For EV Charging Stations
It’s not enough to keep building and installing EV Charging Stations nationally. Now, The Wall Street Journal finds, the exposure of EV Charging Stations has to improve — and now they are already becoming more visible to potential buyers. For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary, greater visibility of EV Charging Stations nationwide is a necessity for greater electric car/truck sales in the years ahead.
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).
EV Charging Stations Are Taking On A Higher Profile On Purpose So Potential Electric Car/Truck Buyers Can See Them And Have Confidence To Buy; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Would See Demand Spike For EV Charging Stations
No longer will potential electric car/truck buyers have to search dark and dangerous parking lots to find them. No, whether it is aTesla (NASDAQ: TSLA), Blink Charging (NASDAQ: BLNK) or EVGo (NASDAQ: EVGO) installed charging station, the exposure has to improve to spur electric car/truck sales.
President Biden envisions a national network of 500,000 chargers too support a fleet of newly sold 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, they told the Journal. EV Charging Stations Are Taking On A Higher Profile On Purpose So Potential Electric Car/Truck Buyers Can See Them And Have Confidence To Buy; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Would See Demand Spike For EV Charging Stations.
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. EV Charging Stations Are Taking On A Higher Profile On Purpose So Potential Electric Car/Truck Buyers Can See Them And Have Confidence To Buy; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Would See Demand Spike For EV Charging Stations.
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.
It may be worth the effort.
Dan Ives, Equity Analyst at Wedbush Securities, tells CNN Business that he believes electric cars will reach 10% market share in the US of all OEM car sales by 2025 versus only a 4% market share today. If he’s right, it represents a great long term opportunity for EV Charging Station installers like Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary.
Ives said this is why he is so bullish: “Ford (NYSE: F), General Motors (NYSE: GM), Rivian (NASDAQ: RIVN) and others follow Tesla (NASDAQ: TSLA) aggressively going after the EV market.”
He acknowledges that the US is lagging China and Europe in market share and embrace of EV vehicles. But he believes America will rapidly make up share as model electric vehicle model are launched.
He is a proponent of high profile charging locations near auto dealerships, prominent retail stores and even tire dealerships. He says addressing the range anxiety fears of potential electric car/truck buyers must be addressed. Only then will these potential buyers want to buy electric vehicles.
Jessica Caldwell, executive director of Insights at researcher Edmunds, adds, “You’re asking consumers to adapt to a whole different thing. It’s not that they go to a different type of gas station. They have to plan out their route, they have to figure out if they want to install a charger in their home.”
Tesla (NASDAQ: TSLA) i 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.
EV Charging Stations Are Taking On A Higher Profile On Purpose So Potential Electric Car/Truck Buyers Can See Them And Have Confidence To Buy; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Through Its PLEMCo. Subsidiary, Would See Demand Spike For EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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