The new dealer is called Pro Italia Motors and is located in Glendale, California, in a key position for the Los Angeles area.
It is the largest and most vital motorcycle market in America, observes Stefano Benatti, CEO of Energica Motor Company Inc (MIL: EMC).
Energica runs on California roads
The state of California is very important for the electricity market. Just think that in the country with stars and stripes 6 electric vehicles out of 10 are driven by Californians. This is 5.5% of all vehicles registered in the state, compared to less than 2% for the country as a whole.
Electric vehicle sales in California are growing rapidly. Looking at some numbers, it can be seen that while EVs – Electric Vehicles in the United States have fallen by 9%, in California they have grown by 5% against a 5.5% drop in conventional sales.
There are many charging points: in California there are 26,000 charging points – one third of all those in the USA. The US state is not satisfied and is investing $ 2.1 billion in expanding this network. The Californian dream is to replace over 5 million internal combustion vehicles in EVs by 2050.
Energica has confirmed growth forecasts for 2020, to demonstrate that the covid-19 impact will not stop the company’s run. An estimated 100% growth in 2020 turnover and positive EBITDA in 2022. Despite the pandemic, the sole manufacturer of the FIM Enel MotoE ™ World Cup received an order backlog in the first 4 months of 2020 with a value of 125 % of whole 2019.