UAW Seeks To Enter The Electric Car OEM Manufacturing Industry With Efforts At Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) And Others Without Success As Analysts Predict Electric Cars Will Reach 10% Market Share Of OEM Sales In US By 2025; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Electric Cars And EV Charging Stations Growing Expo-nentially

Posted March 31, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: LCID, NASDAQ: RIVN, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, NYSE: TM, OTC PINK: SIRC

The United Auto Workers (UAW) union can’t break into electric car industry manufacturing plants despite tailwinds from Biden administration. The UAW has gained little or no ground in organizing workers at Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) and other electric car/truck startups — not for lack of trying. Some analysts say electric vehicles will account for some 10% of OEM vehicles sales in the US by 2025 — compared to only 4% today — as Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other installers see electric cars and EV Charging Stations growing exponentially.

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).

UAW Seeks To Enter The Electric Car OEM Manufacturing Industry With Efforts At Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) And Others Without Success As Analysts Predict Electric Cars Will Reach 10% Market Share Of OEM Sales In US By 2025; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Electric Cars And EV Charging Stations Growing Exponentially

UAW is trying to unionize the electric car industry, but is making little headway. A tailwind is that the Biden Administration is trying to help — making tax rebates for buyers and grants to OEM electric car builders only available to American-based and unionized plants. Elon Musk, founder and CEO of Tesla (NASDAQ: TSLA), has dismissed the Biden union plant strategy. In fact, Musk has still not even talked with UAW head Ray Curry, according to The Wall Street Journal.

Under Biden, employees have been aggressive in seeking union representation — besides the car industry the same is happening at national coffee chain Starbucks. UAW Seeks To Enter The Electric Car OEM Manufacturing Industry With Efforts At Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) And Others Without Success As Analysts Predict Electric Cars Will Reach 10% Market Share Of OEM Sales In US By 2025; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Electric Cars And EV Charging Stations Growing Exponentially.

Predictions that the electric car industry will gain share in sales to about 10% of the U.S. car population by 2025 in a new report is significant — because electric cars account for only about 4% of the US car population today. If the report is right, it would show considerable market share growth for electric vehicles.

SIRC, requesting FINRA approval for a corporate name change to SolarEV, is refocused and committed to the alternative energy electric car industry and accompanying EV Charging Station business. SIRC’s subsidiary PLEMCo., currently is involved in installing EV Charging Stations.

In early March, Musk invited the UAW to holding an organizing vote at Tesla (NASDAQ: TSLA). However, he also several years ago allegedly threatened employees with the loss of stock options.

Musk clearly does not want Tesla workers to unionize. UAW Seeks To Enter The Electric Car OEM Manufacturing Industry With Efforts At Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) And Others Without Success As Analysts Predict Electric Cars Will Reach 10% Market Share Of OEM Sales In US By 2025; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Electric Cars And EV Charging Stations Growing Exponentially.

The UAW has also been unsuccessful in unionizing workers at foreign-owned auto plants operated by Asian and European manufacturers. At plants opened by electric car startups Rivian (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID) union organizing efforts have also been unsuccessful.

Despite the failed UAW efforts to organize, here are some positives showing why installers of EV Charging Stations are so positive about the exponential growth of electric car/trucks:

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. That’s a driving reason why the recent IPO for Rivian (NASDAQ: RIVN) was so successful. At a $70 billion valuation, Rivian hasn’t shipped many cars to date, but pre-orders are topping their ability to produce.
Enter Amazon, which has already pre-ordered some additional 100,000 Rivian electric delivery vans.
Now enter the usual suspects: 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 — is now sold.
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.

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.

If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and achieve 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.

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

Source: Stock Market Press

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Ruchika Gupta is a writer for Stock Market Press, covering technology, energy, cannabis, finance, biotech and industrials, among other sectors. She holds a maters's degree in English and produces financial and business content for a range of media outlets.