New Study Says EV Charging Station Industry Will Reach $43 Billion By 2030 As Vehicle-To-Grid And Wireless Charging Will Propel Market Growth; Solar Integrat-ed Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Fights For Market Share

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A new study by Allied Market Research says that the EV Charging Station Market will reach $42.62 billion by 2030, propelled by developments such as vehicle-to-grid and wireless charging. The 26.2% CAGR growth over the nine-year study period will open up a fast-growing and lucrative opportunity. For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary the report is great news for future industry growth.

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).

New Study Says EV Charging Station Industry Will Reach $43 Billion By 2030 As Vehicle-To-Grid And Wireless Charging Will Propel Market Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Fights For Market Share

The Allied Market Research report says that the electric car industry has been hampered by supply chain shortages, especially ‘chips,’ but that longer term the industry will recover and continue its growth.

For EV Charging Station installers like SIRC’s PLEMCo., vehicle-to-grid and wireless charging are new developments and will create more opportunities for installers in the future. New Study Says EV Charging Station Industry Will Reach $43 Billion By 2030 As Vehicle-To-Grid And Wireless Charging Will Propel Market Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Fights For Market Share.

The report details plant shut downs and parts shortages in the U.S. and Europe. But Allied predicts these issues will be short-lived and electric cars will succeed.

In 2020, plug-in charging systems won a 98% share of the global electric charging market, it says. But it forecasts that wireless charging system segment will achieve the fastest CAGR of 28.8% during the forecast period. Speed, allied predicts, will win the day — and the market.

Similarly, level 3 fast charging is seen as winning a 34.8% top CAGR from 2021-2030. New Study Says EV Charging Station Industry Will Reach $43 Billion By 2030 As Vehicle-To-Grid And Wireless Charging Will Propel Market Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Fights For Market Share.

Asia-Pacific will be the leading market in the EV Charging Stations, followed by Europe and then the U.S., it predicts. Yet, North America eventually wins the electric vehicle and charging race with a 30% CAGR through 2030 and the entire forecast period.

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. SIRC’s other advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says.

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.

The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. 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.

New Study Says EV Charging Station Industry Will Reach $43 Billion By 2030 As Vehicle-To-Grid And Wireless Charging Will Propel Market Growth; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Fights For Market Share

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

Source: Stock Market Press

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