Consumers are finally getting fed up with inflation and reducing/changing spending habits threatening the expected wave of electric vehicle purchases; Solar Integrated Roofing Corp. (OTC PINK: SIRC) is an affiliate of PLEMCo. Award of a 5-year Blan-ket (BPA) purchase contract with the General Services Administration (GSA) for electric vehicle charging stations

Only when a growth in consumer appetite for electric cars was observed, driven by spiraling fossil fuel price hikes, are economic indicators now showing that these same energy increases are also undermining consumers’ power to keep buying. Historically, consumer spending accounts for 70% of GDP. Backtracking could mean less incentive and less purchasing power to buy more expensive electric cars in the future. Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo subsidiary. Still bullish on electric vehicle charging stations – especially now that it has secured a 5-year comprehensive purchase (BPA) contract with the General Services Administration (GSA) to help build/install a nationwide network of electric vehicle charging stations

stockmarketpress.com features specialist coverage of related stocks in the Solar Power Plants, Roofs, Electric Vehicle Charging and Battery Charging Power Industry such as Solar Integrated Roofing Corp. (Pink OTC: SIRC), Sunrun, Inc. (NASDAQ: RUN)Blink Shipping Company. (NASDAQ: BLNK)Tesla, Inc. ((NASDAQ: TSLA), GM (NYSE: GM)And charge point (New York Stock Exchange: CHPT)EVgo (Nasdaq: EVGO), Solar Edge Technologies, Inc. (NASDAQ:SEDG), First Solar Company (NASDAQ: FSLR), The power of the sun (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (New York Stock Exchange: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Consumers are finally getting fed up with inflation and reducing/changing spending habits threatening the expected wave of electric vehicle purchases; Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo. Awarded a 5-year comprehensive purchase contract (BPA) with the General Services Administration (GSA) for electric vehicle charging stations

Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo. , was one of only 16 companies awarded a five-year blanket purchase (BPA) contract with the General Services Administration (GSA) for a design and materials-only contract to service electric vehicles. Furthermore, SIRC subsidiary PLEMCo is currently applying for the second Electric Vehicle Supply Equipment (EVSE) – BPA, which is expected to be awarded in mid-July. This one is dedicated to the design, processing and installation of EV chargers.

This all still applies — and high gasoline prices are still an important incentive to buy electric cars in the future — but headline inflation, led by energy, is an ambiguous factor. Food, household fuel, housing, and living costs are rising faster than some consumers can afford. At 70% of GDP, consumer spending capacity is at risk. Banks, credit card companies, food stores and other major retailers have noticed a slowdown in consumer spending habits and are concerned about it.

They’ve also noticed a change in how consumers buy less, trade brands in goods, and look for other ways to spend fewer dollars. Consumers are finally getting fed up with inflation and reducing/changing spending habits threatening the expected wave of electric vehicle purchases; Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo. Awarded a 5-year comprehensive purchase contract (BPA) with the General Services Administration (GSA) for electric vehicle charging stations.

The good trend in all of this is that electric car companies are now aiming more at mid-priced models, not just luxury cars like Tesla (Nasdaq: TSLA). general motors (New York Stock Exchange: GMFordNew York Stock Exchange: F) Offers hybrid electric models. General Motors plans an electric line of standard Chevrolet cars for a $100,000 Hummer. Ford is focusing on pickup trucks and balancing that with electric muscle cars, like the Mustang. Consumers interested in dollars might like lower-priced electric cars, too.

Against this backdrop, the federal government has committed $5 billion to help build a nationwide network of electric vehicle charging stations, and support national efforts to create a national electric vehicle network. Grants are now federal law. One of the stated goals of the bipartisan infrastructure card is to install EV charging stations every 50 miles along the interstate system.

All federal, state, local and administrative spending for a government-funded EVSE and awarded through the GSA will be shown. Installation may be done by government agencies, contracted through a secondary bidding process or via utilities.

Now, SIRC will be authorized to participate in this program. Consumers are finally getting fed up with inflation and reducing/changing spending habits threatening the expected wave of electric vehicle purchases; Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo. Awarded a 5-year comprehensive purchase contract (BPA) with the General Services Administration (GSA) for electric vehicle charging stations.

According to research firm Technavio, government spending will help the electric vehicle charging station grow by $22.02 billion from 2020 to 2025. Other factors will help drive expansion in this dynamic market — such as mergers and acquisitions, collaborations between self-charging company brands and partnerships between companies Shipping and other industry allied companies. These include OEM EV car/truck manufacturers’ brands and aftermarket companies, such as auto/tire repair companies.

David Massey, CEO of SIRC, said, “We are honored to be one of only 16 companies in the United States authorized to supply more than 500,000 electric charging stations across the country over the next decade. These stations are set to promote the increasingly widespread deployment of electric vehicles. by consumers and fleets by providing charging stations across the interstate system and filling existing service gaps.”

Massey added: “We continue to see significant industry tailwinds, with California announcing that it will stop selling internal combustion engine (ICE) vehicles by 2035, potentially requiring the installation of 1.2 million EV charging stations to support the transition. Washington State also announced its intention To phase out ICE vehicle sales even earlier, by 2030. Combined, the electric vehicle charging market is expected to exceed $28.4 billion by 2028 and continue to climb—an exciting opportunity for us to be empowered with charging facilities.

“This contract also supports our strategic shift toward prioritizing the over $30 million electric vehicle (EV) charging station pipeline and more than $20 million in electric vehicle charging projects backlog due to the tremendous opportunities in the near term. This will enhance Our position as a clear national player in the space, helping to create sustainable value for our shareholders.We look forward to additional announcements regarding electric vehicle charging opportunities in the coming months,” Massey concluded.

Consumers are finally getting fed up with inflation and reducing/changing spending habits threatening the expected wave of electric vehicle purchases; Integrated Solar Energy Company for RoofsPink OTC: SIRC) PLEMCo. Awarded a 5-year comprehensive purchase contract (BPA) with the General Services Administration (GSA) for electric vehicle charging stations

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

Source: Stock Market Press

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

Stock Market Press is a financial news company that provides updated stock news, presenting private and public companies to a broad audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

stock market press
110 Wall Street
New York, NY 10005 [email protected] https://twitter.com/PressStock

Safe harbor statement:

Statements in this press 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 other statements regarding our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business that are 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 results and outcomes could differ, and are likely to differ, materially from what is expressed or expected in the forward-looking statements due to many factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press assumes 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_406628000/2785/2022-05-03T09: 47:44

Leave a Reply

%d bloggers like this: