Solar Integrated Roofing Corp. (OTC: SIRC) Focuses On EV Charging Industry’s Future Potential; European Union (EU) Follows California’s Lead By Banning Sale Of Gas Cars By 2035 And Setting Zero Vehicle Emissions By 2035
Solar Integrated Roofing Corp. (OTC: SIRC) is focusing on the EV charging industry’s future volume and profit potential as the European Union (EU) follows California’s lead by banning the sale of gas and diesel cars by 2035 and setting guidelines for Zero Vehicle Emissions by 2035. To SIRC, the national and international moves to electric vehicles reinforces its intensified push to alternative energy and electric vehicle 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), 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).
The EU aggressively moved to ban the sale of gasoline and diesel cars by 2035 and is requiring all new cars and vans to have zero carbon emissions by that same date. Effectively, the EU is ending the tradition combustion engines and accelerate the shift to EVs.
To SIRC, this move seemed inevitable and underscores the correctness of its involvement in the the EV Charger Industry. SIRC announced earlier this week 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 David Massey, CEO, has the foresight to transition to an alternative energy company. By expanding the Company’s Finance Division and offering financial solutions to EV Charging Station firms, he is on the leading edge of the transition internationally from gasoline and diesel vehicle engines to EVs. Similarly, he early on foresaw the future of solar and SIRC is a major player in both commercial and residential solar installations.
The EU countries, well aware of California’s lead on this issue, have voted to phase in the new program, For example, the EU requires a target to be met with emissions in new cars sold by 2030 to be 55% lower in emissions compared to 2021 levels. New vans would need to be 50% lower than 2021 levels, the EU ruling said. Carbon-neutral fuels would be considered, it said.
Jan Hutema, EU member from the Netherlands, was quoted by The Wall Street Journal as saying, “The rules should help drive down the cost of buying and driving zero-emission cars.” The rules follow similar legislation in Canada, U.K., and Norway.
California’s similar early move to ban gasoline cars by 2035, could encourage other U.S. states to also issue bans, the WSJ said. Worldwide, some 13% of total new car sales are either fully electric or plug-in hybrid vehicles, according to ev.volumes.com
To meet the new EU regulations, a number of European car brands — such as Volkswagen, the Mercedes-Benz Group, BMW AG — have shifted development to developing EVs.
Source: Stock Market Press
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