Now That Ford Motor Co. (NYSE: F) Is Internally Establishing The New ‘e’ Divi-sion For Electric Vehicles, It Is Now Rolling Out Its Own Line Of EV Vehicle Home And Depot Chargers So Fleet Customers Can Transition To An Electric Fleet; So-lar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses On Fast-Growing EV Charging Station Business
Now that Ford (NYSE” F) is segmenting internally all electric car operations in its new ‘e’ division, the company’s ‘Pro’ division is rolling out a comprehensive line of electric vehicle charging equipment to help fleet customers transition to an all-electric line of vehicles. Ford will introduce six new home and depot charging stations for multiple-car customers considering a move to electric fleets. The move reinforces the decision by Solar Integrated Roofing Corp. (OTC PINK: SIRC) to refocus its business plan to the fast-growing EV Charging Station business.
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).
Now That Ford Motor Co. (NYSE: F) Is Internally Establishing The New ‘e’ Division For Electric Vehicles, It Is Now Rolling Out Its Own Line Of EV Vehicle Home And Depot Chargers So Fleet Customers Can Transition To An Electric Fleet; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses On Fast-Growing EV Charging Station Business
Ford has opened a new segment internally — the’ e’ division away from its legacy car business complete with its own P&L to house its now unprofitable but fast-growing electric car business. Currently, ‘e’ produces the Mustang Mach-E and F-150 Lightning pickup truck. It will be a lucrative business: Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.
As it does so, in anticipating of launching into the market its new electric models — the Mustang Mach-E and F-150 Lightning pickup truck — it is aiming to roll out to its fleet customers electric charging equipment for home and depot charging stations to make the transition to all electric vehicles simpler.
In turn, Ford’s fleet customers can then choose whether to have Ford (NYSE: F) endorsed partner install the charging station —- or the customer can do it by itself. The choice belongs to the customer. But Ford wants their fleet buyers to know the Company is there to offer assistance and charging equipment.
Even after the charging equipment is installed and running, Ford (NYSE: F) will support its commercial customers with Ford Pro E-Telematic and Ford Pro Charging software solutions, the Company says. Now That Ford Motor Co. (NYSE: F) Is Internally Establishing The New ‘e’ Division For Electric Vehicles, It Is Now Rolling Out Its Own Line Of EV Vehicle Home And Depot Chargers So Fleet Customers Can Transition To An Electric Fleet; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses On Fast-Growing EV Charging Station Business.
When the Ford-150 model is launched in the Spring, the company will also offer standard a Ford Mobile Charger. For longer-range vehicles, Ford will also offer options for additional charging station accessories free with the vehicle.
To SIRC, all this bodes well for its devision to refocus its business plan to concentrate on EV Charging Stations. At the end of the day, fleet and consumer purchasers of electric Ford vehicles will want to use conventional EV Charging Stations. Although a greater number of OEM electric vehicle manufacturers will want to use their own charging equipment, SIRC is betting on the increasing role it can play in the soaring EV Charging Station industry.
Muffi Ghadiali, Ford Pro Charging general manager, says, “ Regardless of the size of their business or the industry they are in, we’ll help them plan their charging infrastructure — whether it’s installing home chargers for employees or developing a large scale depot system — to make the transition to electric seamless.”
SIRC has already made the decision about the growing importance of EV Charging Stations. With numbers predicting five million EVs in California alone within a decade. EV Charging Stations will grow exponentially. SIRC sees the opportunity for this alternative energy industry and wants to make itself a brand with a national footprint as it grows.
To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the heightened awareness, reporting structure and model launches in electric vehicles only brings a higher profile to supporting EV Charging Stations. SIRC not only competes in that industry through its PLEMCo., subsidiary, it has also recently announced it has signed an LOI to acquire three LA-based complementary EV Charging Station companies in that industry, as well.
A move to separate electric car operations from its legacy business would give Ford greater access to the capital markets through ‘e’, which have been generous in valuing Tesla (NASDAQ: TSLA). Now That Ford Motor Co. (NYSE: F) Is Internally Establishing The New ‘e’ Division For Electric Vehicles, It Is Now Rolling Out Its Own Line Of EV Vehicle Home And Depot Chargers So Fleet Customers Can Transition To An Electric Fleet; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses On Fast-Growing EV Charging Station Business.
Ford Motor (NYSE: F) reported a record-breaking net profit of $17.9 billion for 2021 — yet roughly half of that profit was a paper gain made on Ford’s equity in the successful Rivian Automotive (NASDAQ: RIVN) electric car IPO last Fall.
Meanwhile, in a move that will soon drive 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.
Ford (NYSE: F) is forecasting higher profits for next year. Its primary advantage is that its Lightning electric version of its best selling 150-pickup truck is sold out in advance and will launch far prior to the debut of GM’s electric version Silverado.
As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader.
Now That Ford Motor Co. (NYSE: F) Is Internally Establishing The New ‘e’ Division For Electric Vehicles, It Is Now Rolling Out Its Own Line Of EV Vehicle Home And Depot Chargers So Fleet Customers Can Transition To An Electric Fleet; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Refocuses On Fast-Growing EV Charging Station Business
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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