PepsiCo plans to deploy 700 electric delivery vehicles for Frito-Lay business
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PepsiCo (NASDAQ:PEP) announced on Wednesday that it will deploy over 700 electric delivery vehicles in the U.S. by the end of 2023 for the Frito-Lay business as part of its sustainability commitment
The vehicle deployments are expected to lower emissions by 7,052 metric tons of greenhouse gas emissions annually, equivalent to 1,533 passenger cars removed from the road. 
The food and beverage giant said that zero-and near-zero emission vehicles across the nation marks a key step in achieving the pep+ net-zero emissions goal by 2040.
PepsiCo (PEP) did not disclose the expected manufacturer for the electric delivery vehicle fleet, although Tesla (TSLA) delivered 21 Semi electric trucks to the company earlier in the month.
PepsiCo (PEP) is due to report earnings on April 25. Ahead of the report, 7 of the last 10 EPS revisions from Wall Street analysts have been to the downward side.