Tesla’s (NASDAQ: TSLA) Deliveries Jump 87% To 936,000 Cars Last Year As It Paces Electric Car Sales And Sets 2022 Stage For EV Charging Station Boom; So-lar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its PLEMCo.,Subsidiary
You thought Tesla (NASDAQ: TSLA) stunned and excited the relatively new electric car industry when it reported Q3 record earnings of $1.6 billion and sales of $13.8 billion. How about its now-reported 87% surge in EV car deliveries last year. Consumers waited some 10 months for the company’s electric cars as it reached production of 936,000 units. Tesla now owns 56% of the electric charging market, as well. That’s why Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its EV Charging Station PLEMCo.,subsidiary.
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).
Tesla’s (NASDAQ: TSLA) Deliveries Jump 87% To 936,000 Cars Last Year As It Paces Electric Car Sales And Sets 2022 Stage For EV Charging Station Boom; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its PLEMCo.,Subsidiary
While Tesla dominates EV Charging Stations it offers only proprietary installations. That opens up an entire field to SIRC’s PLEMCo., for EV Charging Stations to the rest of the electric car industry — to everyone from General Motors (NYSE: GM) and Ford (NYSE: F) to European and Asian brands, such as BMW and Nissan.
After Rivian’s (NASDAQ: RIVN) successful $70 billion IPO late last year, the momentum of the electric vehicle charging business is anyone’ game. While some OEM EV vehicle makers have selected partners for their EV Charging Stations, consumers really don’t care about all that. They just want fast chargers liberally sprinkled along motorways to relive range anxiety.
Tesla’s astounding performance delivering nearly one million vehicles last year, may have won many drivers to electric vehicles. But studies show that electric car drivers are not necessarily loyal to any one brand — even Tesla (NASDAQ: TSLA).
At just 4% of the U.S. new car population, electric vehicles are still in their infancy. It remains a wide-open field for car makers a well as EV Charging Station installers. While other automakers exhibited only tepid manufacturing in 2021, Tesla (NASDAQ: TSLA) soared.
No question, it is leading the way in the electric car field as it swaggered with an 87% surge in its OEM car production last year — some 50% of that coming from China.
Now the carmakers are playing catch up — and they will not give America’s drivers an option to buy gas-powered vehicles. General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.
Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. They are betting on the Rivian IPO, startups like Foxconn, and the move by General Motors (NYS: GM) and Ford (NYSE: F) into all-electric cars and trucks in the near future. GM’s goal is $280 billion by 2030 in electric cars. Tesla’s (NASDAQ: TSLA) Deliveries Jump 87% To 936,000 Cars Last Year As It Paces Electric Car Sales And Sets 2022 Stage For EV Charging Station Boom; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its PLEMCo.,Subsidiary.
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, are setting self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in supporting electric vehicle sales.
In all of this, America’s drivers will have little choice but to buy ‘electric’ by the end of this decade.
SIRC’s PLEMCo., can play a major role in the sweetest spot of all — the EV Charging Industry that will support it all. If drivers see chargers, they will not particularly care which brand they see — so long as they can charge their new car with it. Biden’s $1.2 trillion law with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. Too many simply want more EV Charging Station
That’s great news for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. subsidiary, which installs EV Charging Stations. Tesla’s (NASDAQ: TSLA) Deliveries Jump 87% To 936,000 Cars Last Year As It Paces Electric Car Sales And Sets 2022 Stage For EV Charging Station Boom; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its PLEMCo.,Subsidiary.
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 EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are more bullish than ever on the future of its subsidiary PLEMCo.’s EV Charging Station business
For SIRC’s PLEMCo. this is a perfect storm. Until now, electric car companies and EV Charging Station locations have been playing chicken. Gas stations and convenience stores, like 7-11, have been reluctant to spend $100,000 or so to install fast-charger EV Charging Stations when EVs make up such a small percentage of the domestic car population.
To EV Charging Station players like SIRC’s PLEMCo., this industry has the tailwinds of government funding. SIRC itself is an applicant for about $100 million in grants to help build more EV Charging Stations.
David Massey, Chairman and CEO of SIRC, said that he remains hopeful that SIRC’s grants will be approved — but they remain in applicant mode for now.
SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses.
Tesla’s (NASDAQ: TSLA) Deliveries Jump 87% To 936,000 Cars Last Year As It Paces Electric Car Sales And Sets 2022 Stage For EV Charging Station Boom; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Big 2022 Gains For Its PLEMCo.,Subsidiary
earn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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