Leviton, One Of The Biggest Brands In The Electrical Market, Is Getting Into EV Charging Station Market Seen As Growing To $111.90 Billion By 2028 With A 30.26% CAGR Jump, Says Fortune Business Insights; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, Sees Fast Growth Nation-ally Supporting Electric Vehicles
Leviton, a major brand in electrical products, is getting into the electric charging station market. Leviton, based on Long Island’s Melville, NY, will bring more legitimacy to the nationwide EV Charging Station market, seen as growing to $111.90 billion by 2028 at a 30.26% CAGR growth rate, by researcher Fortune Business Insights. Its Leviton brand name will be prominently displayed on its ‘Evr-Green DC’ charge point charging stations — reinforcing its brand commitment to the EV Charging Station industry. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, sees fast growth nationally, supporting Electric Vehicle growth in the OEM car/truck market.
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).
Leviton, One Of The Biggest Brands In The Electrical Market, Is Getting Into EV Charging Station Market Seen As Growing To $111.90 Billion By 2028 With A 30.26% CAGR Jump, Says Fortune Business Insights; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, Sees Fast Growth Nationally Supporting Electric Vehicles
Through its PLEMCo., subsidiary, SIRC is a growing competitor in the industry. It also has signed an LOI for acquisition on three complementary EV Charging Station companies based in LA, it said earlier. Electric Charging Stations are projected to reach $111.90 billion by 2028, soaring with a 30.26% CAGR jump.
Leviton, a major brand in electrical products, is getting into the electric charging station market. Tesla, electric car market leader, already owns 56% of EV Charging Stations internationally — but its units only charge Tesla branded vehicles. That leaves the EV Charging Station wide open for all other electric car brands. Leviton, One Of The Biggest Brands In The Electrical Market, Is Getting Into EV Charging Station Market Seen As Growing To $111.90 Billion By 2028 With A 30.26% CAGR Jump, Says Fortune Business Insights; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, Sees Fast Growth Nationally Supporting Electric Vehicles.
Leviton is an electrical brand in both the consumer and commercial sectors, a known and respected brand in the building trades and consumer products — everything from electrical switches to major commercial parts. It plans to locate its branded charging units in rest stops, retail locations and other commercial and public areas.
The strategy is to co-brand with Charge Point, an established brand in the EV Charging Station business. Between these two, it presents consumers with two known brands for the EV Charging Station industry — the only real known brands to electric vehicle owners besides Tesla.
These are planned to be located in high profile locations and offer electric vehicle drivers DC fast charging.
Michael Mattei, Executive VP and GM for Leviton’s commercial and business unit, said, “This is a major launch for Leviton as we continue to broaden our electric vehicle supply equipment portfolio.”
To SIRC, the move is a positive for the entire EV Charging Station industry — making it branded and more legitimate in the eyes of electric car owners. SIRC can establish its own brand within the industry under its proposed new name to FINRA, SolarEV. It reflects both core business of the Company.
Fortune Business Insights projects a 30.26% CAGR for the Electric Charging Station market to $111.90 billion by 2028 from $17.59 billion in 2021. It sees China and the U.S. as globally leading the charge to more EV Charging Stations.
Solar installers, like SIRC, hold the high ground in the growth of EV Charging Stations. SIRC’s PLEMCo., subsidiary is in the EV Charging Station industry. As a growing number of states seek aggressive growth in this industry, solar installers have the advantage of already working in the home. As the government finds that 80% of all EV charging is done at home, solar crews are already working there. It makes sense that they can play a larger role in their installation growth.
Solar tech specialists are already in the home with other projects — such as solar installations and renewable solar battery sales. Either way, solar work and EV Charging Station plugs for the home are complementary. That’s why OEM electric car makers are partnering with solar installers. For SIRC’s PLEMCo., this may be a lucrative strategy.
Besides leader Tesla (NASDAQ: TSLA), Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM) and others are all-in on building OEM electric cars. Electric Charging Stations are projected to reach $111.90 billion by 2028 with 30.26% CAGR jump, says Fortune Business Insights.
Leviton, One Of The Biggest Brands In The Electrical Market, Is Getting Into EV Charging Station Market Seen As Growing To $111.90 Billion By 2028 With A 30.26% CAGR Jump, Says Fortune Business Insights; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, Sees Fast Growth Nationally Supporting Electric Vehicles
As electric vehicles languish at about 4% of US auto sales — potential buyers still fear running out of charge. They need to see and use more EV Charging Stations nationally. The Federal government is providing tailwinds with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. Consumers simply want more EV Charging Stations.
GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025, but it spells opportunities for others.
SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses.
Leviton, One Of The Biggest Brands In The Electrical Market, Is Getting Into EV Charging Station Market Seen As Growing To $111.90 Billion By 2028 With A 30.26% CAGR Jump, Says Fortune Business Insights; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary, Sees Fast Growth Nationally Supporting Electric Vehicles
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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