OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), Choose Electric Charging Station Partners; Now Nissan Selects Allegro In Europe; Installers Like Solar Integrated Roofing Corp. (OTC PINK: SIRC) Could Develop This New Revenue Stream For Subsidiary PLEMCo.
A growing number of OEM electric car makers — from Ford (NYSE: F) to General Motors (NYSE: GM) — are selecting companies to partner with who can develop EV Charging Station exclusivity as they seek EV market share. Now Nissan has chosen Allegro to provide EV Charging for its European operations. This is comprised of more than 600 dealerships and related locations across 16 European countries, Barron’s says. Installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) could make a similar move for subsidiary PLEMCo., which specializes in installing EV Charging Stations. It could generate an important new revenue stream for the Company.
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).
OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), Choose Electric Charging Station Partners; Now Nissan Selects Allegro In Europe; Installers Like Solar Integrated Roofing Corp. (OTC PINK: SIRC) Could Develop This New Revenue Stream For Subsidiary PLEMCo.
OEM electric vehicle makers can grow as independents and generate revenues from installations but also execute partnership agreements to generate longer-lasting recurring revenue streams from future EV Charging Station use. Solar installed are attractive to OEM electric car companies because 80% of all charging is completed in the home, the federal Energy Department has learned.
To solar installers, this is equally an attractive route because 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 would be a lucrative strategy.
Europe is far ahead of electric car ownership in the U.S. Domestically, EVs represent only 3% of all new vehicle sales. Tesla (NASDAQ: TSLA) is a leader in electric car sales as well as its own proprietary EV Charging Stations. But other OEM electric car makers are partnering with specialty installers for EV Charging Stations in the home, at public locations and at commercial sites.
Tesla (NASDAQ: TSLA) stunned and excited the rest of the electric car industry when it announced its Q3 record earnings of $1.6 billion and sales of $13.8 billion. Tesla, the leading EV vehicle OEM manufacturer, additionally owns 56% of the electric charging market. However, Tesla’s EV Charging Stations are mostly proprietary to Tesla itself. OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), Choose Electric Charging Station Partners; Now Nissan Selects Allegro In Europe; Installers Like Solar Integrated Roofing Corp. (OTC PINK: SIRC) Could Develop This New Revenue Stream For Subsidiary PLEMCo.
Nissan is an important potential client for EV Charging Station installers because it led the field, beside Tesla, early on with its Nissan Leaf. It could only travel a small and limited number of miles on an electric charge. But it didn’t follow up on that early leadership vehicle, and now it has fallen behind others — such as Rivian and others.
As Nissan elects to be more aggressive with electric vehicles in Europe, its choice of European EV Charging Station installer Allegro is a forerunner of another exclusive partnership in North America. You can see it coming, plus more electric vehicles from Nissan. As Mercedes, BMW, Audi and other European OEM electric car brands agree to EV Charging Station partnerships, Nissan will do so, too.
SIRC’s PLEMCo. has been successful in winning government contracts to build EV Charging Stations. And SIRC itself is an applicant for some $100 million in new federal grants to help build more EV Charging Stations, under President Biden’s newly-passed Infrastructure Law.
This would add another revenue stream to PLEMCo., and another new partnership agreement to SIRC. OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), Choose Electric Charging Station Partners; Now Nissan Selects Allegro In Europe; Installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) Could Develop This New Revenue Stream For Subsidiary PLEMCo.
As electric vehicles languish at about 3% of US auto sales — potential buyers fear running out of charge. They need to see and use more EV Charging Stations nationally. 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.
One answer, according to The Wall Street Journal and Forbes, may be car rental companies. As travel returns, Hertz, Avis and Enterprise are looking to add a lot more electric cars to their fleets. That will give a larger number of consumers a non-dealer test drive in EV vehicles. They will be looking for EV Charging Stations. SIRC and PLEMCo. can help build more, with government funding to help.
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 rental cars to help do the trick. He will fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are more bullish than ever on the future of its subsidiary PLEMCo.’s EV Charging Station business.
The major car rental companies can offer more electric vehicles on the road, but drivers who rent them will want more EV Charging Stations available for a recharge to relive their range-anxiety fears.
Until now, electric car companies and EV Charging Station locations have been playing chicken. Gas stations and convenience stores, like 7-11, have been reluctant to spend $100,000 or so to install fast-charger EV Charging Stations when EVs make up such a small percentage of the domestic car population.
Everything is at stake. Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. They are betting on Rivian (NASDAQ: RIVN), startups like Foxconn, and the move by General Motors (NYS: GM) and Ford (NYSE: F) into all-electric cars and trucks in the near future.
General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.
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.
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, are setting self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in supporting electric vehicle sales.
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.
OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), Choose Electric Charging Station Partners; Now Nissan Selects Allegro In Europe; Installers Like Solar Integrated Roofing Corp. (OTC PINK: SIRC) Could Develop This New Revenue Stream For Subsidiary PLEMCo.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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