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Taking Its Lead From The Biden Administration, General Motors (NYSE: GM) Teams With 7 EV Charging Station Firms In 'Ultium Charge 360 Plan' That Will Create Network Of 60,000 Charging Plugs; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Growing Its EV Charging Station Division

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General Motors (NYSE:GM)— taking its lead from the Biden Administration —  is getting ready for its scheduled all-electric fleet of 30 new cars by 2025 by teaming with seven EV Charging Station firms under the ‘Ultium Charge 360 Plan' that will begin rolling out in 18 months that will become a network of 60,000 charging plugs throughout the U.S. and Canada. GM's program will offer real time charging data to drivers of their EV cars. GM is taking its lead from the Biden Administration's $6 trillion proposed solar, wind and EV renewable energy initiative which calls for the building of 500,000 EV Charging Stations and a fleet of 600,000 all-electric government-owned vehicles. GM is readying its EV vehicles and EV charging stations. Solar Integrated Roofing Corp. (OTC:SIRC) is growing its dedicated EV Charging Station division after completing its first acquisition of Pacific Lighting Management or 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:SIRC), Sunrun, Inc. (NASDAQ:RUN), Blink Charging Co. (NASDAQ:BLNK), Tesla, Inc. (NASDAQ:TSLA), GM (NYSE:GM), 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).

Taking Its Lead From The Biden Administration, General Motors (NYSE:GM) Teams With 7 EV Charging Station Firms In ‘Ultium Charge 360 Plan' That Will Create Network Of 60,000 Charging Plugs; Solar Integrated Roofing Corp. (OTC:SIRC) Growing Its EV Charging Station Division

As part of the plan, General Motors (NYSE:GM) is teaming with: Blink Charging (NASDAQ:BLNK), ChargePoint, EV Connect, EVgo, FLO, Greenlots and SemaConnect. Already, the rollout is beginning with about 500 installs of fast-charging stalls will be complete by the end of 2021, GM says. GM management sees the Biden Administration's $6 trillion plans for renewable energy — from solar, to EV to wind — as it gears up EV vehicles, EV Charging Stations and investments in new EV battery plants near assembly line facilities. Taking Its Lead From The Biden Administration, General Motors (NYSE:GM) Teams With 7 EV Charging Station Firms In ‘Ultium Charge 360 Plan' That Will Create Network Of 60,000 Charging Plugs; Solar Integrated Roofing Corp. (OTC:SIRC) Growing Its EV Charging Station Division.

GM: The EV Charging Station Infrastructure Is Critical

Travis Hester, Chief EV Officer of GM, said, "We know how critical the charging infrastructure is to our customers and how it plays a hugely significant role EV adoption and experienced EV drivers know this is much more complicated than just a simple network quantity issue." GM, he said, is also planning to offer charging accessories and installation for home charging. Studies show that some 80% of all EV charging is done at home today and project that percentage will continue in the future, even as sales of EV increase in the future.

President Biden foresees a need for 500,000 EV Charging Stations and it committed to creating a government fleet of 600,000 EV vehicles. As part of the infrastructure package, Biden has included in that spending package some $174 billion for EV vehicles. Already, EV vehicle buyers can receive $7,500 in tax credits per car. Biden will sweeten that with more rebates this Fall to spur EV car sales in the future. Taking Its Lead From The Biden Admiistration, General Motors (NYSE:GM) Teams With 7 EV Charging Station Firms In ‘Ultium Charge 360 Plan' That Will Create Network Of 60,000 Charging Plugs; Solar Integrated Roofing Corp. (OTC:SIRC) Growing Its EV Charging Station Division.

General Motors (NYSE:GM) Enters Joint Venture For EV Batteries

Reinforcing its commitment to electric vehicles — cans and trucks — General Motors (NYSE:GM) announced it was entering a joint venture with one of the world's largest battery makers, EV Chem, to build a $2.3 billion second battery plant for EV vehicles in Spring Hill, Tenn. The facility, scheduled to open in late 2023, will service GM's EV car assembly plant in Spring Hill, Tenn.  The move reinforces GM's commitment to EV. Solar Integrated Roofing Corp. (OTC:SIRC) is growing its EV Charging Station footprint.

The new joint venture battery plant from General Motors (NYSE:GM) would make batteries for electric vehicles — Korean-based LG, part of a conglomerate, is one of the largest battery makers for electric vehicles. GM and LG are scheduled to open the 2.8 million sq. ft. plant in late 2023 and would supply batteries for cars from GM's Spring Hill assembly plant, the Wall Street Journal reports. Taking Its Lead From The Biden Administration, General Motors (NYSE:GM) Teams With 7 EV Charging Station Firms In ‘Ultium Charge 360 Plan' That Will Create Network Of 60,000 Charging Plugs; Solar Integrated Roofing Corp. (OTC:SIRC) Growing Its EV Charging Station Division.

Rebates and tax credits will be increasingly used by the U.S. government to grow the EV vehicle population in the nation — which, in turn, will trigger the need for more EV Charging Port Stations. Currently, EV vehicles represent only 2% of all new cars sold in the U.S. — far lower than China and Europe. President Biden is proposing $6 trillion in its renewable energy infrastructure initiative.

SIRC Focuses On Green Energy Growth

To launch its dedicated EV Charging Station division, SIRC acquired Pacific Lighting Management or PLEMco, an operator of EV Charging Stations. SIRC plans to continue its acquisition strategy in the sector, David Massey, CEO, told an audience of MicroCap investors at a recent virtual conference. Clean green energy is a focus of SIRC as it continues to grow fast primarily by acquisitions. Solar Integrated Roofing Corp. (OTC:SIRC) is growing fast in solar primarily through company acquisitions.The most recent was East Coast based and five-state operational Cornerstone Construction which makes SIRC a national brand. Cornerstone Construction is a solar and roofing solutions provider.

SIRC earlier closed on its purchase of another established clean energy renewable solar installer, Enerev LLC. To learn more, go to https://www.enerevsolar.com/getting-started. SIRC also reached agreement with Solectrac, Inc., an all-electric tractor developer and manufacturer located in Northern California. That company is now 24% owned by Ideanomics (NASDAQ:IDEX). and Solectrac is an applicant for a $500 million USTDA grant.  Solar Integrated Roofing Corp. (OTC:SIRC) is growing Its solar Green Energy footprint both in residential rooftop installations and solar-generated energy storage as a certified Tesla (NASDA: TSLA) Powerwall battery installer.

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

Source: Stock Market Press

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