The Electric Car Race Is On For Graphite Among Tesla (NASDAQ: TSLA), Volkswagen And Other OEM Electric Car Makers As This Key Rare Earth Element Is Also Vital For Computers And Other Clean Energy Technology; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Material Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry

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The electric car race is on for graphite and other rare earth elements among all electric OEM car makers such as Tesla (NASDAQ: TSLA), Volkswagen and others as they are vital along with lithium and cobalt in the manufacturing of electric vehicles, energy storage, computers and energy technology in general. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees the competition for these scarce materials another sign that Electric Cars will feed the future of 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), 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 Electric Car Race Is On For Graphite Among Tesla (NASDAQ: TSLA), Volkswagen And Other OEM Electric Car Makers As This Key Rare Earth Element Is Also Vital For Computers And Other Clean Energy Technology; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Material Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry

Rare Earth elements such as graphite, lithium and cobalt are causing a scramble race among OEM electric car manufacturers who need the elements to build electric cars/trucks in a competitive market. Unfortunately for the U.S., China controls the supply of most of these elements.

Graphex Group Ltd. — planning to list on the NYSE — has operations to mine and process graphite and has access to the rare earth element.

A 4,000% increase in demand is seen for the element. As demand soars over the next few decades, the issue for sourcing rare earth elements like graphite is already here. The sources for these elements and processing them are overseas. Sanctions against foreign countries that control these metals mean the race is on now to secure them at home in the electric car industry.

Graphite is one of the hidden gems in all this. Experts say demand for graphite will by triple the supply available by 2030. A global graphite market could reach $50 billion by the end of this decade, analysts say.

Asia is the key source for graphite — with China in particular responsible for processing it for almost all battery manufacturers in the world. EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations.

To SIRC, all this indicates that electric car makers and electric battery manufacturers are already scrambling for rare earth elements key to production. SIRC is already in the EV Charging Station business through subsidiary PLEMCo., and its LOIs for three complementary LA-based companies also in the EV Charging Station industry.

SIRC is also an applicant for some $80,000 in government grants to help fund participation in the building of a nationwide network of electric charging stations for electric vehicles, cars and trucks.

Since 2013, Graphic has been located in Asia right next to one of the world’s largest graphite mines in the world in China. The Company’s goal is to ramp up production four-fold to 40,000 metric tons over the next three years and help alleviate the shortage problem.

It plans to bring its patented technology to the US for processing graphite to a new facility in Michigan. It plans to choose a precise site within the next month.

It would then partner with auto manufacturing companies as it begins graphite production here at home within the next year. The Electric Car Race Is On For Graphite Among Tesla (NASDAQ: TSLA), Volkswagen And Other OEM Electric Car Makers As This Key Rare Earth Element Is Also Vital For Computers And Other Clean Energy Technology; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Material Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry.

A new report by report linker projects that electric car batteries are growing fast — at a 6.9% CAGR to help them become a global market of $33.26 billion by 2026. EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. As a result, they are bidding for government RFP contracts. They may be slow in coming, but they are large. SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations.

One analyst acknowledges that the US is lagging China and Europe in market share and embrace of EV vehicles. But he believes America will rapidly make up share as electric vehicle model are launched. Also, as potential buyers see more EV Charging Stations on the road and in high profile charging locations near auto dealerships, prominent retail stores and even tire dealerships, their range anxiety fears will be addressed — and these potential buyers will want to try electric vehicles.

Tesla’s (NASDAQ: TSLA) recent agreement to send two of its electric models into the Hertz rental fleet at seven US airports can only help propel the sales of North American electric cars to American drivers.

One major issue is range anxiety for drivers fearful of running out of charge. In 2021, electric cars grow in range on a single charge to about 400 miles. As range anxiety becomes less of a factor in the purchase decision, electric car sales are expected to soar worldwide, reports say.

  • The U.S. federal government is committed to growing electric cars from 4% of OEM market share today to some 50%. It will spend money to do this on tax rebates for EV car purchasers, grants to EV car companies for new plants and union facilities and a nationwide network of EV Charging Stations.
  • Tesla (NASDAQ: TSLA) has shown that making electric vehicles and marketing them can be done at a profit. It makes EVs in China, California, Austin, Texas and now Germany.
  • Wall Street investors who missed the Tesla (NASDAQ: TSLA) gold mine, now want in.
  • Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM), Nissan and all the European brands,such as BMW, Volkswagen, Mercedes, and others. Even Toyota — the slowest to join electric car believers — are now sold on the new vehicles.
  • OEM electric car makers are increasingly partnering with EV Charging Station installers. This is a significant opportunity for EV Charging Station companies to brand with OEM car makers.
  • Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.

The Electric Car Race Is On For Graphite Among Tesla (NASDAQ: TSLA), Volkswagen And Other OEM Electric Car Makers As This Key Rare Earth Element Is Also Vital For Computers And Other Clean Energy Technology; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Material Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry

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

Source: Stock Market Press

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