General Motors (NYSE: GM) Sets High Goals To Be Leader In Electric Car Market And Double Sales To $280 Billion By 2030 As It Rushes To Go Electric; Does That Open New EV Charging Station Market Opportunity For Others, Like Solar Inte-grated Roofing Corp. (OTC PINK: SIRC), Beyond GM-EvGo’s (NASDAQ: EVGO) Collaboration

General Motors (NYSE: GM) May Be Seeking To Surpass Tesla (NASDAQ: TSLA) As Its Sets Goals Of Being The Leader In Electric Cars And Doubling Volume to $280 billlion by 2030, but in doing so is fast-charging GM setting an opportunity in the EV Charging Station market beyond its own collaboration with EVgo (NASDAQ: EVGO) for the installation of fast chargers. That deal calls for the installation by EVgo of 2,500 fast chargers by the end of 2025, nationwide, especially in 40 metropolitan areas. EVgo already has 800 fast charging stations in a 34 state footprint.  Solar Integrated Roofing Corp. (OTC PINK: SIRC), through subsidiary PLEMco., is also an aggressive player in the EV Charging Station industry and is an applicant for some $100 million in government grants to build more.

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) Sets High Goals To Be Leader In Electric Car Market And Double Sales To $280 Billion By 2030 As It Rushes To Go Electric; Does That Open New EV Charging Station Market Opportunity For Others, Like Solar Integrated Roofing Corp. (OTC PINK: SIRC), Beyond GM-EvGo (NASDAQ: EVGO) Collaboration

As General Motors (NYSE: GM) accelerates in the electric vehicle race against Tesla (NASDAQ: TSLA) and Ford (NYSE: F) and other OEM manufacturers, is it creating a giant opportunity ahead for SIRC and other EV Charging Station players as the pressure is on to build a nationwide network. Is this a larger opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC). Remember, 80% of all electric car charging is done in the home, the government says, and SIRC has the advantage of already working in the home for nationwide solar installations. Why not install special fast power systems for electric cars at the same time?

GM will be busy trying to sell a package of other electric car-allied products, such as insurance, software and services. Mary Barra, GM CEO, says the Company anticipates $25 billion-$30 billion in annualized revenues from these additional businesses. EV Charging Stations are seen as a support for EV vehicles — not a standalone profit-making business. That’s an opportunity for companies like SIRC.

In The EV charging station industry, the Infrastructure Bills as now written would include $7.5 billion in an infrastructure package for EV Charging and government funded rebates and tax credits for electric car purchases to spur more growth. Today electric cars make up just 2-3% of all new car sales in the U.S. General Motors (NYSE: GM) Sets High Goals To Be Leader In Electric Car Market And Double Sales To $280 Billion By 2030 As It Rushes To Go Electric; Does That Open New EV Charging Station Market Opportunity For Others, Like Solar Integrated Roofing Corp. (OTC PINK: SIRC), Beyond GM-EvGo’s  (NASDAQ: EVGO) Collaboration.

Passing the Infrastructure package is critical to SIRC because some EV Charging gas stations and convenience stores are balking at spending some $100,000 apiece for fast-chargers in a world where electric cars make up only about 3% of all U.S. new car sales today. Government grants, rebates and other incentives will have to spur sales of more EV vehicles and accompanying EV charging stations to service them and make self-imposed deadline goals for carbon emission controls. SIRC can fill that gap especially using government grant money.

Solar Integrated Roofing Corp. (OTC PINK: SIRC), has applied for some $100 million in government grants to help them build more EV charging stations. David Massey, Chairman and CEO of SIRC, said that he remains hopeful that these grants will be approved — but they remain in applicant mode. So far, the waiting continues. General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown at the upcoming CES Show — a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck. The ‘Lightning’ already has 150,000 non-binding buy reservations.

As the race between GM and competitors for electric-vehicle dominance intensifies, building the national network of EV Charging Stations becomes more of a factor to challenge ‘range-anxiety’ fears of potential electric car buyers. The Tesla (NASDAQ: TSLA) juggernaut continues in dominating both electric vehicles and EV Charging Stations globally. GM, Ford and other OEM car companies have a lot of catching up to do. General Motors (NYSE: GM) Sets High Goals To Be Leader In Electric Car Market And Double Sales To $280 Billion By 2030 As It Rushes To Go Electric; Does That Open New EV Charging Station Market Opportunity For Others, Like Solar Integrated Roofing Corp. (OTC PINK: SIRC), Beyond GM-EvGo’s  (NASDAQ: EVGO) Collaboration.

Tesla, the leading EV vehicle OEM manufacturer, owns 56% of the electric charging market. Proving that electric cars manufacturing can be profitable — supported by the largest EV Charging Station network globally — Tesla (NASDAQ: TSLA) outperformed analysts’ predictions recently by delivering Q2 volume of $12 billion and a profit of $1.1 billion. Tesla (NASDAQ: TSLA) delivered more than a half a million vehicles last year and plans to exceed that number by more than 50% this year, the company said. As a result, Wall Street investors are warming to the EV Charging Station industry and watching for growth.

According to one stock analyst, EV Charging Station stocks would also benefit from the infrastructure bill and $7.5 billion being allocated for the industry’s growth. According to one stock analyst, EV Charging Station stocks would also benefit from the infrastructure bill and $7.5 billion being allocated for the industry’s growth.

Stock analysts say successful and passed Infrastructure Legislation could mean higher prices for EV Charging stocks, such as ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO) And Blink Charging (NASDAQ: BLNK). The positive result would not be any different for SIRC.

Analysts say some 28 U.S. House Democrat progressives see the already-passed $7.5 billion as insufficient and want much more. They seek as much as $85 billion for EV Charging infrastructure.

General Motors (NYSE: GM) will begin debuting all-electric cars by It will also deliver eV Charging Station fleet customers through its own ‘UItimum Charge 360’  subsidiary. It will support GM’s BrightDrop fleet program. General Motors (NYSE: GM) Sets High Goals To Be Leader In Electric Car Market And Double Sales To $280 Billion By 2030 As It Rushes To Go Electric; Does That Open New EV Charging Station Market Opportunity For Others, Like Solar Integrated Roofing Corp. (OTC PINK: SIRC), Beyond GM-EvGo’s  (NASDAQ: EVGO) Collaboration.

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. EV Charging Stations — especially fast charging stations — are a key factor in driving electric vehicle sales.

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

Source: Stock Market Press

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