President Biden Signs Order Setting 2030 Deadline For Electric Car Sales To Reach 50% Of All Auto Totals And Proposes $7.5 Billion For EV Charging Stations In Infrastructure Bill; Federal Tailwinds Bode Well For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division

President Biden has signed an executive order setting a self-imposed federal deadline for 50% of all U.S. car sales by 2030 to be electric cars. His infrastructure bill, still under debate by the Senate, includes $7.5 billion for the building of a national network of EV Charging Stations. Both will support the growth of Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division, which has also applied for government grants to build more EV charging stations.

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), 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 Order Setting 2030 Deadline For Electric Car Sales To Reach 50% Of All Auto Totals And Proposes $7.5 Billion For EV Charging Stations In Infrastructure Bill; Federal Tailwinds Bode Well For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division

In a Tweet supporting the executive order, Biden said that the order requires by the 2030 deadline date meeting zero-reduction carbon emission electric cars by this date. Observers were joyful but noted that electric car sales in May and June 2021 grew to account now for just 3% of the new car sales population in the US — in other words, meeting the 50% goal in nine years will be a challenge. At the White House signing ceremony were representatives of the Big Three automakers: Ford (NYSE: F), General Motors (NYSE: GM) and Jeep maker Stellantis.

All were optimistic about reaching 40-50% of total US auto sales with EVs by 2030. If Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division creates a larger footprint in this sector, the issue of range-anxiety by potential electric car buyers could be alleviated. President Biden Signs Order Setting 2030 Deadline For Electric Car Sales To Reach 50% Of All Auto Totals And Proposes $7.5 Billion For EV Charging Stations In Infrastructure Bill; Federal Tailwinds Bode Well For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division.

In a joint statement, the car companies attending the signing, said, “Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the U.S. transition to electric vehicles. This represent a dramatic shift from the U.S. market today that can be achieved only with the timely deployment of the full suite of electrification policies committed to by the Administration in the Buy Back Better Plan, including purchase incentives, a comprehensive charging network of sufficient density to support the millions of vehicles these targets represent, investments in R&D, and incentive to expand the electric vehicle manufacturing and supply chains in the United States.”

President Biden is expected to establish a federal rebate program for EVs to spur sales this Fall and his DOE is offering grants for the build out more EV Charging Stations. As states push ahead with more EV Charging Stations, and OEM EV makers announce partnerships for the installation and maintenance of power systems, renewable energy companies such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) have applied for grants to help fund a larger EV Charging Division and acquiring companies to increase its footprint in this space.

Proving that electric cars manufacturing can be profitable — supported by the largest EV Charging Station network globally — Tesla (NASDAQ: TSLA) outperformed analysts’ predictions recently by delivering Q2 volume (three months ended June 30, 2021) of $12 billion and a profit of $1.1 billion. Wall Street investors are warming to the EV Charging Station industry. Non-hybrid EV cars were approaching 250,000 in annual unit sales nationally in 2020, according to several renewable energy sources. Tesla owns 56% of the electric charging market, but it is growing and players such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) are aggressively building more units and applying for government grants to install even more in the future.

SIRC has a dedicated EV Charging Station division which it launched when it acquired Pacific Lighting or PLEMco., a company with numerous government contracts. At companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC), with its own dedicated EV Charging Station industry, the future is getting brighter. Based in part of that green renewable energy space, SIRC sees its volume for FY2022 reaching $150 million this year. David Massey, CEO of SIRC, said he remains optimistic about the company’ applications for government grants to build more EV Charging Stations.

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 setting self-imposed deadlines of 2030 for all-electric model lines. As more EV Charging Stations appear, range anxiety is becoming less of a barrier to electric car sales in the U.S. America is lagging behind Europe and China in warming to EV vehicles.

EV Charging Stations —- especially fast charging stations — are a key factor in driving electric vehicle sales. As drivers become more confident in the range and charging ability of EV cars, they appear to like the new technology, ease of maintenance and social positives of non carbon-emitting transportation. Electric car sales for the first time topped out last 3% of total U.S. auto sales in the first half of 2021 — the first time it has been that large. It has held at 2% of U.S. auto sales in the past, but is now reaching 3%, industry figures show. President Biden Signs Order Setting 2030 Deadline For Electric Car Sales To Reach 50% Of All Auto Totals And Proposes $7.5 Billion For EV Charging Stations In Infrastructure Bill; Federal Tailwinds Bode Well For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division.

Companies like Solar Integrated Roofing Corp. (OTC PINK: SIRC) in the EV Charging Station space have applied for government grants to help it speed their build outs of EV Charging Stations. By growing organic sales and acquiring more companies in the green renewable energy sector, SIRC says its volume is on track to reach $150 million in FY 2022, David Massey, SIRC CEO announced recently.

The entire electric vehicle industry is now approaching 250,000 in sales — which bodes well for its supporting EV Charging Station industry as consumers begin to shake off range-anxiety the more fast-charging installations they see. President Biden Signs Order Setting 2030 Deadline For Electric Car Sales To Reach 50% Of All Auto Totals And Proposes $7.5 Billion For EV Charging Stations In Infrastructure Bill; Federal Tailwinds Bode Well For Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Electric Vehicle Charging Division.

Wall Street investors are beginning to see the potential of the EV Charging Station business, supporting American longer road trips and daily driving routines. Range-anxiety was seen as holding back electric vehicle sales. Tesla (NASDAQ: TSLA) delivered more than a half a million vehicles last year and plans to exceed that number by more than 50% this year, the company said. Analysts say they expect the company to produce 231,000 vehicles in the current quarter.

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