Solar Integrated Roofing Corp. (OTC: SIRC) Focus On EV Charging Stations Intensifies As ‘Range Anxiety’ Results In EV Hybrid Sales Dominance In China, Worldwide Leader In EV Sales; Yet Companies Such As GM (NYSE: GM), Ford (NYSE: F) And New Management Team At Toyota (NYSE: TM) Concen-trate On Producing All-Electric Vehicles


Solar Integrated Roofing Corp. (OTC: SIRC) focuses on building and financing more EV Charging Stations domestically as the world’s No. 1 EV vehicle market, China, experiences a surge in EV hybrid sales as consumers express ‘range anxiety’. They want gasoline fuel as a hedge against not being to find an EV charging station on the road. One US broker sees 65% growth in hybrid sales in China vs. 25% growth among pure EVs. Meantime, GM (NYSE: GM), Ford (NYSE: F) and the new management team at Toyota (NYSE: TM) still concentrate  on producing all-electric vehicles. SIRC is helping fill the need for more EV charing stations in the US — and recently announced plans for its Finance Division to help offer fiscal solutions for EV Charging Companies which require more funding. 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).

SIRC announced recently it is expanding its SIRC Finance Division with a suite of new fiscal products. One is equipment leasing and finance solutions for EV charging companies. SIRC’s focus, according to David Massey, CEO, is on becoming the premier alternative energy company nationally. SIRC is active in the residential and commercial solar industries as well as EV charging. It is also focused on all alternative energy and home efficiency projects.

China offers worldwide trend lines in the EV consumer business because it is the No. 1. EV marketplace, according to The Wall Street Journal. Brokerage Bernstein estimates the 65% surge in hybrids as consumers like EV vehicles — but remain eager to protect themselves from running out of charge in a ‘patchy’ network.

Hybrids were once dismissed as a transitional vehicle — not really a true EV. In fact, hybrid vehicles dropped in sales by 2% in Europe in 2022. EV charging stations in the US are needed to be a complete network — or hybrids will remain popular domestically, too.

One rarely mentioned issue is that cold weather can dramatically cut the ranges of electric vehicles. Colder climates can make longer trips in EVs difficult. EVs can lose between 10-36% of their range as cold weather hits. Norway finds that 80% of its new car sales are EVs — with cold weather range loss varying by model and brand.

Source: Stock Market Press

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