President Biden Signs $1 Trillion Infrastructure Bill Into Law Including $7.5 Billion In Tax Credits And Grants For Electric Cars/EV Charging Stations; Next Up Is Administration’s $1.75 Trillion ‘Build Back Better’ Bill Driving Alternative Energy Such As Solar And Wind

President Biden signs the $1 trillion ‘Infrastructure Bill’ into law which includes $7.5 billion in tax credits and grants for electric cars and EV Charging Stations. Next up is the $1.75 trillion ‘Build Back Better’ bill which will drive alternative energy, such as solar and wind. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is in both EV Charging Stations and solar — and those administration legislation priorities provide tax credits and funding grants to SIRC’s advantage.

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), Sunburn, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), 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).

President Biden Signs $1 Trillion Infrastructure Bill Into Law Including $7.5 Billion In Tax Credits And Grants For Electric Cars/EV Charging Stations; Next Up Is Administration’s $1.75 Trillion ‘Build Back Better’ Bill Driving Alternative Energy Such As Solar And Wind

One down, one to go for the Biden administration. For EV Charging Station builders, like SIRC subsidiary PLEMCo., the $7.5 billion within the $1 trillion ‘Infrastructure Bill’ signed yesterday into law is chock full of tailwinds for electric cars and their supporting EV Charging Stations.

The law includes monies for rebates and incentives for OEM electric car manufacturers and consumer buyers. For EV Charging Stations, the new law has funding for builders of more stations — like PLEMCo. President Biden Signs $1 Trillion Infrastructure Bill Into Law Including $7.5 Billion In Tax Credits And Grants For Electric Cars/EV Charging Stations; Next Up Is Administration’s $1.75 Trillion ‘Build Back Better’ Bill Driving Alternative Energy Such As Solar And Wind.

SIRC itself is an applicant for about $100 million of federal grants for EV Charging Station construction and initiatives. David Massey, chairman and CEO of SIRC, said he has not heard any definitive news regarding the Company’s application for those grants. Passage of the bill and the signing yesterday means there are more federal funds for the energy grants for EV Charging Station construction.

President Biden wants a national network of 500,000 charging stations completed by 2030. Installers of EV Charging Stations, such as  Solar Integrated Roofing Corp. (OTC PINK: SIRC), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA) and others will benefit from the passage of the Infrastructure bill.

Funding for electric vehicles and their supporting network of EV Charging Stations means more money from the federal government. Analysts say the stock prices of all firms above could rise as a result. President Biden Signs $1 Trillion Infrastructure Bill Into Law Including $7.5 Billion In Tax Credits And Grants For Electric Cars/EV Charging Stations; Next Up Is Administration’s $1.75 Trillion ‘Build Back Better’ Bill Driving Alternative Energy Such As Solar And Wind.

Funding and grants are for electric vehicle OEM manufacturers and installers of EV Charging Stations. The spending is designed to alleviate range anxiety from potential buyers concerned about running out of charge on longer trips.

Electric cars account for only 3% of all new cars sold today in the U.S. The new law is designed to put federal dollars behind incentives to sell more EVs and support them with a nationwide network of EV Charging Stations. The new law is designed to fund grants to propel builders of those stations into action.

To date, gas station chains and others have been reluctant to invest large sums of money on their own to build chargers for such a small percentage of vehicles on the road. As the number of electric cars increase, that hesitation will decline and both EVs and their charging stations will increase. That’s the federal strategy. The new law will provide a tailwind for that.

President Biden Signs $1 Trillion Infrastructure Bill Into Law Including $7.5 Billion In Tax Credits And Grants For Electric Cars/EV Charging Stations; Next Up Is Administration’s $1.75 Trillion ‘Build Back Better’ Bill Driving Alternative Energy Such As Solar And Wind

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

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press