Energica runs on California roads


Energica runs on California roads. After doing well in 2019, Energica Motor Company S.p.A. also tries to record important results in 2020. The company that produces high-performance electric cars has reached a new commercial agreement in California, continuing its success in the United States.

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.

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