Porsche Is The Latest Car Brand That Seeks To Build Its Own Global Network Of EV Charging Stations, But Why Aren’t OEM Car Companies Coordinating Their Building/Installing Of Chargers For All; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sees Spike And Long-Term EV Charging Station Growth
Porsche — an OEM car unit of Volkswagen — is the latest OEM car manufacturer to announce it is seeking to build a global network of EV Charging Stations. Which begs the question: why aren’t all car/truck makers, besides market leader Tesla (NASDAQ: TSLA), coordinating their efforts to build a new global network of EV Charging Stations. General Motors (NYSE: GM) and Ford (NYSE: F) are among the electric car makers that have signed exclusive contracts with EV Station installers. And Tesla leads the market with 56% of proprietary charger growth. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) is an independent EV Charging Station installer through subsidiary PLEMCo.
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).
Porsche Is The Latest Car Brand That Seeks To Build Its Own Global Network Of EV Charging Stations, But Why Aren’t OEM Car Companies Coordinating Their Building/Installing Of Chargers For All; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sees Spike And Long-Term EV Charging Station Growth
It seems that another OEM car brand announces weekly its intent to own the EV Charging Station business with its own branded chargers. Porsche is only the most recent to do so. What the car brands appear not to know is that while consumers may be brand-loyal to their cars, they are in a new world in electric cars and EV Charging Stations. They just want plenty of them — even unbranded — when their car is low on charge.
If car brands worked together, they could focus on filling gaps in charging station locations globally and, together, compete with Tesla (NASDAQ: TSLA). Instead, car brands appear to be going it alone — hoping brand loyalty to their vehicle will also extend to the supporting chargers as well.
Charging stations can be a lucrative business.
Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights. And more such reports are updating growth projections monthly. Porsche Is The Latest Car Brand That Seeks To Build Its Own Global Network Of EV Charging Stations, But Why Aren’t OEM Car Companies Coordinating Their Building/Installing Of Chargers For All; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sees Spike And Long-Term EV Charging Station Growth.
EV Charging Stations are seen as becoming more prominent in the future of electric cars. Tesla (NASDAQ: TSLA), Blink Charging (NASDAQ: BLNK) and EVGo (NASDAQ: EVGO) are among the leaders in installed charging stations. But that will change frequently. SIRC is refocusing its business to the EV Charging Station opportunity, recently announcing its LOI to acquire three complementary LA-based companies in the industry.
President Biden envisions a national network of 500,000 chargers to support the crush of newly sold electric vehicles. Marketers understand that EV Charging Stations are vital to propel sales of electric cars/trucks to range anxiety-fearful potential buyers. Without enough of them, consumers will be reluctant to buy all-electric cars — regardless of gasoline price hikes.
That’s why for EV Charging Stations building more is not enough. They need to be highly visible to drivers of gas-powered vehicles and be seen as an option for the next lease or car/truck purchase. And the most efficient way to do it is by working together so the consumer sees a commonality in EV Charging Stations.
The Volkswagen Group subsidiary ‘Electrify America’ is going high profile already — with green neon lighting and selection of high profile locations along major highways, they told the Journal.
Others, like EVgo (NASDAQ: EVGO), treat new EV Charging Stations like store openings — complete with ribbon cuttings, handing out flyers and complete the hoopla with doughnut offerings, said Jonathan Levy, CCO.
OEM car companies are going all-in — General Motors (NYSE: GM) is cutting out dividends in favor of electric car/truck investments — but potential buyers need to see more EV Charging Stations in operation rather than just being told they exist. Porsche Is The Latest Car Brand That Seeks To Build Its Own Global Network Of EV Charging Stations, But Why Aren’t OEM Car Companies Coordinating Their Building/Installing Of Chargers For All; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sees Spike And Long-Term EV Charging Station Growth.
SIRC’s PLEMCo., subsidiary has an enormous opportunity to participate in the EV Charging Station industry. It is already a bidder on government contracts that will fund EV Charging Station installation initiatives.
Some EV Charging Station installers are forming exclusive partnerships with OEM electric car/truck companies to gain a market share edge. But the industry would grow faster if all worked together to create a truly global network of EV Charging Stations.
Some industry analysts are proponents of high profile charging locations near auto dealerships, prominent retail stores and even tire dealerships. Range anxiety fears of potential electric car/truck buyers must be addressed. Only then will these potential buyers want to buy electric vehicles.
Tesla (NASDAQ: TSLA) is the market leader in electric car sales and aftermarket EV Charging Stations. Everyone wants to catch Tesla. These competitors include: Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM), Nissan and all the European brands,such as BMW, Volkswagen, Mercedes, and others. Even Toyota — the slowest to join electric car believers — is now a competitor in electric cars/ trucks.
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 dollar grants to help build 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.
Porsche Is The Latest Car Brand That Seeks To Build Its Own Global Network Of EV Charging Stations, But Why Aren’t OEM Car Companies Coordinating Their Building/Installing Of Chargers For All; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sees Spike And Long-Term EV Charging Station Growth
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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