Who Would Have Guessed That Opening Salvo In OEM Electric Vehicle Wars Would Be In Pickup Trucks? Ford’s (NYSE: F) 150 ‘Lightning’ Vs. General Motors’ (NYSE: GM) Silverado; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On EV Charging Station Market

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Tesla (NASDAQ: TSLA) aside, who would have guessed that the opening OEM brand salvo in EVs would be in pickup trucks? The opening sales among America-makers is Ford (NYSE: F) ‘150 ‘Lightning’ Vs. General Motors (NYSE: GM) Silverado. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., subsidiary wins either way as it eyes big opportunities in EV Charging Stations in the near future.

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).

Who Would Have Guessed That Opening Salvo In OEM Electric Vehicle Wars Would Be In Pickup Trucks? Ford’s (NYSE: F) 150 ‘Lightning’ Vs. General Motors’ (NYSE: GM) Silverado;  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On EV Charging Station Market

Coastal elites may have thought they would have the electric EV market all to themselves — even mid-class OEM maker Toyota agreed. All were wrong as the opening salvo market share battle is in the bluest of blue-collar markets: mid state pickup trucks.

Mary Barra, CEO of General Motors (NYSE: GM) unveiled her company’s Silverado at this week’s CES Show in Las Vegas. Addressing an audience there virtually, Barra says, “Make no mistake — this is a movement.”

She stressed that the Silverado, to be launched in 2023, has 400 miles of driving range and more technical features than the competition. Obviously, she was unnerved by Ford’s 150 ‘Lightning’s’ 200,000 opening order base as it proves popular with blue collar truck buyers.

We should have seen the ‘Lightning’ Vs. Silverado war coming. Both are best sellers with high margins. Why shouldn’t their competition in gas-powered models now translate into new competition in electric versions.

For EV Charging Station installers, like SIRC’s PLEMCo., the marketing war in electric trucks between Ford (NYSE: F) and General Motors (NYSE: GM) is a winner for PLEMCo no matter which company wins.

Yes, each truck has its advantages in these early competitive wars among OEM vehicle makers in the electric landscape. It’s important for SIRC and its PLEMCo., to be well positioned to gain market share.

Here’s the advantage. Tesla (NASDAQ: TSLA) may hold the lead with 56% worldwide market share in EV Charging Stations, but TSLA’s stations are proprietary to Tesla only.

That means the rest of the OEM electric car and truck market is wide open to all comers, for installers such as SIRC’s PLEMco. Offering fast chargers to the rest of the electric OEM brands besides Tesla is a big opportunity.

Can SIRC’s PLEMCo. cash in?

One reason it may is its high ground in government-sponsored contracts. PLEMCo., specializes in government-financed work in other areas, such as lighting. It is already busy handling RFPs for EV Charging Station contracts.

As we get closer to the federal government issuing actual work assignment contracts for the building of a national network of EV Charging Stations, PLEMCo. appears to be a major player. Who Would Have Guessed That Opening Salvo In OEM Electric Vehicle Wars Would Be In Pickup Trucks?  Ford’s (NYSE: F) 150 ‘Lightning’ Vs. General Motors’ (NYSE: GM) Silverado;  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On EV Charging Station Market.

Parent SIRC is already an applicant for some $100 million in government grants to build more EV Charging Stations. Chairman and CEO David Massey says he is still awaiting word on those applications.

Meanwhile, Wall Street investors have warmed to the electric car/truck markets and have already rewarded Ford (NYSE: F) with stock hikes for its marketing success with the 150 ‘Lightning.’

Investors already see the acceptance by blue collar potential electric pickup truck buyers demographics of its electric version. Formerly, OEM manufacturers like Toyota downplayed EVs as an elite East Coast-West Coast phenomenon. Ford’s (NYSE: F) success with its ‘Lighning’ 150 documents the acceptance of all-electric vehicles by its Midwest buyers as well.

The 150 pickup truck has long excelled as a rough-and-tumble vehicle. Selling points are a rear bed that can handle construction equipment over the most difficult of terrains. The overwhelming 200,000 reservations dispel any myth that electric vehicles are dainty and only for the coastal elites.

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.

Rivian’s (NASDAQ: RIVN) staged a successful $70 billion IPO late last year, and is now selling its RIT electric pickup truck. Wall Street investors noticed. Who Would Have Guessed That Opening Salvo In OEM Electric Vehicle Wars Would Be In Pickup Trucks? Ford’s (NYSE: F) 150 ‘Lightning’ Vs. General Motors’ (NYSE: GM) Silverado;  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On EV Charging Station Market.

General Motors (NYSE: GM) will not be out-done. It 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.

All of this activity on the OEM electric vehicle front is also stimulating the market for EV Charging Stations. SIRC doesn’t make electric cars or trucks, but it can seize market share of the EV Charging Station market.

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.

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.

Electric car sales in the U.S. more than doubled 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, setting aggressive, self-imposed deadlines of 2030 for all-electric model lines.

If President 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.

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.

Who Would Have Guessed That Opening Salvo In OEM Electric Vehicle Wars Would Be In Pickup Trucks?  Ford’s (NYSE: F) 150 ‘Lightning’ Vs. General Motors’ (NYSE: GM) Silverado;  Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo., Subsidiary Is Bullish On EV Charging Station Market

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

Source: Stock Market Press

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