Energica runs on California roads

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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.



Source link
https://www.proiezionidiborsa.it/energica-corre-sulle-strade-della-california/

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