With Crude Oil Reaching $100 A Barrel And Settling At Slightly Lower, Russia-Ukraine Invasion Will Trigger Sales Of Electric Cars In Europe and U.S. As Driv-ers Seek Relief; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Of EV Charging Station Business See Growth Opportunity

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

Russia invades Ukraine, sending crude oil prices above $100 per barrel — then settling slightly lower than $100 last night. The prospect of sharp-ly higher gasoline prices in the near future — and the U.S. becoming a net oil importer again in 2022 — can only trigger sales of electric cars. In turn, that will be a great opportunity for EV Charging Station installers such as SIRC’s subsidiary PLEMCo.

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).

With Crude Oil Reaching $100 A Barrel And Settling Slightly Lower, Russia-Ukraine Invasion Will Trigger Sales Of Electric Cars In Europe and U.S. As Driv-ers Seek Relief; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other In-stallers Of EV Charging Station Business See Growth Opportunity

Last night oil was on a global stage. WTI and Brent Crude settled at just under $100 per barrel after rising above that level earlier in the day. Gasoline car buyers see the writing on the wall and will want electric vehicles to avoid sharply higher gas prices.

Electric cars were already on a winning streak as more and more OEM brands are making major investments in producing them in the years ahead. After the Russia-Ukraine fighting yesterday, those investments in electric cars looked smart. Infla-tion at home, soaring food prices and supply side shortages mean consumers will not want to add to their woes with skyrocketing fuel costs.

Home heating oil perhaps cannot be avoided, but drivers can switch to electric cars helping to avoid $100+ oil prices and spiraling gasoline costs. With Crude Oil Reaching $100 A Barrel And Settling At Slightly Lower, Russia-Ukraine Invasion Will Trigger Sales Of Electric Cars In Europe and U.S. As Drivers Seek Relief; So-lar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Of EV Charg-ing Station Business See Growth Opportunity.

The only reason oil didn’t go higher was President Biden’s sanctions program against aggressor Russia did not include the energy sector, according to oilprice.com

Oil analysts say that the $100+ oil per barrel yesterday afternoon was sooner than they expected. They predicted crude oil would reach $110 or $125 per barrel by this summer. Maybe they didn’t expect a Russia-Ukraine invasion so soon.

To SIRC, global developments brightened the outlook for its EV Charging Station installer subsidiary PLEMCo.

Americans still are leery about driving long distances with electric vehicles. But they may now be more willing to look as established OEM brands — such as Gen-eral Motors (NYSE: GM) go all in o]with electric on brands such as Chevrolet. With Crude Oil Reaching $100 A Barrel And Settling At Slightly Lower, Russia-Ukraine Invasion Will Trigger Sales Of Electric Cars In Europe and U.S. As Drivers Seek Relief; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Installers Of EV Charging Station Business See Growth Opportunity.

Meanwhile, in a move that will soon drive demand for EV Charging Stations in North America, General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America in 2022-2023 compared to only 25,000 Bolt models sold last year. If the target sales are met, it could mean a spec-tacular opportunity for Solar Integrated Roofing Corp. (OTC PINK: SIRC) and its PLEMCo. Subsidiary that builds EV Charging Stations.

Automotive analysts see the Ford (NYSE:F) and General Motors (NYSE: GM) bat-tle for leadership in the electric car trucks as unresolved. Some say Ford is win-ning, while others side with GM. All agree that the front for electric vehicle leader-ship will not be won soon, and that the major initial battle between these titans will be in…pickup trucks. On the front lines will be the electric Ford Lightning and GM’s Silverado.

Higher OEM brands and upscale names such as Cadillac, BMW, Mercedes and even Alfa Romeo are going all-electric, as well. Consumers will have little choice but to go all electric in the future as their favorite brands make the switch.

Mary Barra, CEO of GM, says the OEM car maker will continue to suspend its div-idend payments to shareholders and use that funding instead to pay for its invest-ment in electric vehicle production, infrastructure and marketing.

Meantime, Ford (NYSE: F) is forecasting higher profits for next year. Its primary advantage is that its Lightning electric version of its best selling 150-pickup truck is sold out in advance and will launch far prior to the debut of GM’s electric version Silverado.

As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader.

And either or both together will form an important competitive force to leader Tesla (NASDAQ: TSLA). As market leader, Tesla has all the business it can handle. In fact, it is so backed up that in 2022 it is focusing on delivering already-ordered cars/trucks rather than launch new models.

Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.

SIRC through subsidiary PLEMCo., is right in the middle of the global move to electric vehicle models. Electric cars have headwinds such as sourcing earth metals and batteries for electric cars.

But the tailwinds may overwhelm all. Government grants, tax abatements to OEM car companies and consumer buyers may be enough to keep electric car sales meeting carbon emission goals in 2030 and 2050. Government fleets of electric cars and their supporting EV Charging Station network may be more than enough to win.

With Crude Oil Reaching $100 A Barrel And Settling At Slightly Lower, Russia-Ukraine Invasion Will Trigger Sales Of Electric Cars In Europe and U.S. As Driv-ers Seek Relief; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other In-stallers Of EV Charging Station Business See Growth Opportunity

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

Source: Stock Market Press

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