Why Electric Cars And EV Charging Stations Will Win In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportuni-ties Ahead In Support For Electric Vehicles

2022 Is the year that electric cars/vehicles and EV Charging Stations will win. A confluence of events will place what is now only a 4% market share for EVs on  the road to domination over gas-powered vehicles. For installers like Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary, the quick growth in EVs and EV Charging Stations will come fast. Here’s why:

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).

Why Electric Cars And EV Charging Stations Will Win In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Support For Electric Vehicles

• The 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 and Austin, Texas., and is now looking for another plant location in Germany to service Europe. Other OEM makers are envious, want share of this new pie as well as tie-up partnerships with EV Charging Station installers already in place. Tesla (NASDAQ: TSLA) stunned and excited the rest of the electric car industry when it announced its Q3 record earnings of $1.6 billion and sales of $13.8 billion.
• Wall Street investors noticed. Those that 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 is now trading at above $103 a share. Auto analysts like what they see. Rivian hasn’t shipped many cars to date, but pre-orders are topping 71,000.
• Enter Amazon. which has already pre-ordered some additional 100,000 Rivian electric delivery vans. Morgan Stanley analysts say that order could eventually reach 300,000.
• 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 — has come along.
• OEM electric car makers are increasingly partnering with electric car makers. 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. Maybe it’s too little?
  Add it all up and it spells opportunity. For OEM electric car makers, electric truck manufacturers. And EV Charging Station firms, such as SIRC’s PLEMCo.As many investors watch the federal support dollars for electric car makers grow, they may be missing the action by states to ensure they are in the middle of electric car growth. To do so, they need more EV Charging Stations — especially in the Midwestern states. Why Electric Cars And EV Charging Stations Will Win In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Support For Electric Vehicles.

  In a misguided wealthy vs. poor strategy, the federal government is spending a disproportionate amount of support dollars to install EV Charging Stations in low income neighborhoods. Politically, that might be right — in reality, electric cars are initially more populous in wealthier neighborhoods — just like solar.

  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 $100 million in new government federal dollars to help build more EV Charging Stations. Why Electric Cars And EV Charging Stations Will Win In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Support For Electric Vehicles.

  SIRC’s other advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says.

  The Federal government is providing tailwinds under its newly-passed ‘Infrastructure’ Biden administration bill. But that $1 trillion bill 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 Stations.

  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 to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.

  The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025, but it spells opportunities for others.

  Why Electric Cars And EV Charging Stations Will Win In 2022; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Through PLEMCo. Subsidiary Sees Opportunities Ahead In Support For Electric Vehicles

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

  Source: Stock Market Press

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