New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says U.S. Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Per-fect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry

0
37
New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says U.S. Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Per-fect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry

Solar Integrated Roofing Corp. (OTC PINK: SIRC) couldn’t find a better time to refocus its energies on the EV Charging Station industry. A new Kelley Blue Book Study finds that overall car sales declined 21% in Q4 2021, yet electric vehicle sales shot forward 72% in the same period. Meanwhile, a new study by the Pew Research Center finds that 39% of American drivers polled say that ‘somewhat likely to seriously consider’ an electric car purchase, almost half (46%) say the reverse — they are not likely at all to do so. At a 4% market penetration level of OEM new electric cars, North America is growing less actively than Europe and Asia (China) in electric cars — but the trend is slowly reversing. Blame range anxiety concerns.

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).

New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says US Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Perfect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry

The disparity in the numbers from the Kelley Blue Book report and the Pew Research Center Poll is actually a good thing for the future of electric car sales and the supporting EV Charging Station market. American drivers appear to like the idea of ​​all-electric vehicles — especially as gas prices continue to climb — but fear the concept of range anxiety. As they see more EV Charging Stations on the roads, they’ll be more comfortable and buy.

To SIRC, which is refocusing its business on the EV Charging Station business with its announcement yesterday regarding an LOI to acquire three complementary LA-based EV Charging Station companies, this is perfect timing.

Brent Crude topped $101 per barrel yesterday that means sharply higher gasoline prices ahead. The Russia-Ukraine invasion yesterday exacerbated the price spike in global oil prices, but worldwide shortages were already an issue prior — and OPEC+ remains steadfast in not increasing production levels. All this occurs, as the US administration still embraces green energy policies and fights expansion of fossil fuel production.

It all adds up to a bright long term future for SIRC and the EV Charging Industry, supporting electric cars/trucks. New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says US Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Perfect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry.

Nissan is planning to invest $500 million to retool its plan near Canton, Mississippi to build two new electric vehicle models. At the same time, it is searing for a US site to build a new electric battery plant.

US News & World Report says Nissan plans to begin building the two new all-electric vehicles in the re-tooled Mississippi plant by 2030. Its goal is to have electric vehicles make up 40% of its US sales by 2030. Globally, Nissan plans an $18 billion investment in electric vehicles by 2030, the Company said.

In the 19-year-old Canton plan, Nissan currently builds both Altima and Nissan models. Nissan said the Canton facility will be one of several planned to be repurposed and dedicated for electric vehicles. In total, Nissan plans to debut some 23 new electrified vehicles by 2030. And it is still building the compact Leaf model in Smyrna, Tennessee.

“We are investigating the right location and the right timing” to build the US battery factory. It should be soon,” Ashwani Gupta, Nissan COO, tells US News & World Report. Nissan Motor Co. Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Support For EV Charging Stations.

At the same time, General Motors (NYSE: GM) is planning to spend some $4 billion on overhauling the factory where it makes Bolts — its original electric car model, which made its debut in Europe. New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says US Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Perfect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry.

SIRC is watching all this OEM electric car maker investment spending in building more all-electric cars/trucks and can only be excited about prospects for its PLEMCo., subsidiary, which installs EV Charging Stations which supports electric cars. The SIRC prospects as this news breaks are great.

General Motors (NYSE: GM) plans to invest some $4 billion overhauling the factory where Bolts are made — to begin production of electric pickup trucks beginning in 2024. GM is focused on making its 400,000 electric car/truck goal and becoming a leader in the electric vehicle sector.

Mary Barra, GM CEO, said the company is focusing on selling more electric vehicles now. GM, she said, is now looking to build its third electric truck plan. GM is now only chasing electric market leader Tesla (NASDAQ: TSLA), it is all-in on the electric vehicle business model.

To that end, GM will continue to suspend its dividend payments to shareholders and use that funding, instead, for its investment in electric vehicle production, infrastructure and marketing.

SIRC’s PLEMCo., subsidiary installs EV Charging Stations. GM’s all-in strategy on electric vehicles and now Nissan’s new commitment to EVs is seen as another positive indication of OEM support for electric vehicles. For PLEMCo., that bodes well for its future as an EV Charging Station supplier.

? Electric charging stations are projected to reach $111.90 billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights. To Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary that means OEM commitment to the EV Charging Stations industry.

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

New Kelly Blue Book Study Finds That While Overall Car Sales Drop, Electric Vehicles Surge 72% In 4th Q Of 2021, Says US Will Need 2.4 Million Charging Stations By 2030 With Costs Shared By Govt., Utilities, Private Companies; Perfect Time For Solar Integrated Roofing Corp. (OTC PINK: SIRC) To Reset Focus On EV Charging Station Industry

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

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St
New York, NY 10005 [email protected] https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be “forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: http://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

COMTEX_403367198/2785/2022-03-02T07:30:07