Nikola Wins Order for Thousands of Electric Garbage Trucks

Electric vehicle manufacturer Nikola (NASDAQ: NKLA) has inked a deal with Republic Services (NYSE: RSG) to develop and manufacture 2,500 waste and recycling collection trucks, breaking into a huge potential market for electric vehicles. Nikola said the order includes 2,500 electrified chassis, with an option to increase the order to 5,000 units. The trucks will have a range of 150 miles and recharge overnight, with Republic expecting to introduce them into its fleet in early 2023.