General Motors (NYSE: GM) Raises Electric Car Sales Target To 400,000 In North America In 2022-2023 Vs. 25,000 Last Year; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) That Means Greater Opportunity For PLEMCo. Subsidi-ary And EV Charging Station Demand

In a move that will boom demand for EV Charging Stations in North America, 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.

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).

General Motors (NYSE: GM) Raises Electric Car Sales Target To 400,000 In North America In 2022-2023  Vs. 25,000 Last Year; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) That Means Greater Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand

Mary Barra, GM CEO, said the Company is focusing on selling more electric vehicles now. 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.

To that end, it will continue to suspend its dividend payments to shareholders and used that funding, instead, to pay for its investment in electric vehicle production ,infrastructure and marketing. General Motors (NYSE: GM) Raises Electric Car Sales Target To 400,000 In North America In 2022-2023  Vs. 25,000 Last Year; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) That Means Greater Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand.

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.

Dan Ives, Equity Analyst at Wedbush Securities, tells CNN Business that he believes electric cars will reach 10% market share 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.

• 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. Maybe that projection is too little in the context of all-in electric vehicle production efforts. General Motors (NYSE: GM) Raises Electric Car Sales Target To 400,000 In North America In 2022-2023  25,000 Last Year; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) That Means Greater Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand.

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.

Analysts acknowledge 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. Also, as potential buyers see more EV Charging Stations on the road and in high profile charging locations near auto dealerships, prominent retail stores and even tire dealerships, their range anxiety fears will be addressed — and these potential buyers will want to try electric vehicles.

The Federal government is providing tailwinds under its newly-passed ‘Infrastructure’ Biden administration bill. But that $1 trillion bill with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. Too many simply want 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.

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.”

General Motors (NYSE: GM) Raises Electric Car Sales Target To 400,000 In North America In 2022-2023  Vs. 25,000 Last Year; For Solar Integrated Roofing Corp. (OTC PINK: SIRC) That Means Greater Opportunity For PLEMCo. Subsidiary And EV Charging Station Demand

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

Source: Stock Market Press

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