A good trend in all this is that electric car companies are now aiming more mass-attractive mid-priced models, not only luxury vehicles like the Tesla (NASDAQ: TSLA). General Motors (NYSE: GM) and Ford (NYSE: F) are offering mixed priced electric models. GM is planning an electric line of standard Chevrolets against a $100,000 Hummer model. Ford is focusing on pickup trucks and balancing that with electric muscle cars, such as the Mustang. Dollar-conscious consumers might like lower priced electric cars, as well.
Against this backdrop, the federal government has allocated $5 billion to help build a national network of EV Charging Stations, supporting a national effort to create a nationwide network of electric vehicles. Grants are now federal law. One of the bipartisan Infrastructure Bill's stated goals is to install EV Charging Stations every 50 miles along the interstate system.
According to research firm Technavio, government spending will help the EV Charging Market Station grow by $22.02 billion from 2020-2025 . Other factors will help propel expansion in this dynamic market -- such as M&A and collaboration between charging company brands themselves and partnerships between charging companies and others allied to the industry.
S&P Drops To 52-Week Low Yesterday As Electric Car Makers See End-Around Solution To Material Shortages For Batteries; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Bullish On Alternative Energy Sectors Such As EV Charging Stations.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ .
Source: Stock Market Press
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