Industry revenue of freight transport by road in Sweden 2011-2023
Despite the government spending a significant amount of money to improve road transport infrastructure in Sweden, the road freight transport industry is expected to witness a marginal decline during the period 2018-2023. Revenues during this period are expected to fall from 12.3 billion U.S. dollars in 2018 to 12.2 billion in 2023. This is particularly surprising given its majority share of the total inland freight transport in the country.
Electrification helping Sweden meet its sustainability goals
According to a report published by the Intergovernmental Panel on Climate Change, the global transport sector accounts for as much as 23% of energy-related carbon dioxide emissions, with over 70% attributable to road transportation. Sweden has woken up to this dire situation by making a commitment to building a transport sector free of fossil fuel by 2030. As part of this endeavor, the country inaugurated its first electrified road in April 2018, which allows both commercial and private vehicles to be recharged while in motion. The number of rechargeable vehicles in the country has also witnessed an exponential increase, growing from just 5,847 in 2014 to over 55,000 in 2018.
Electrification helping Sweden meet its sustainability goals
According to a report published by the Intergovernmental Panel on Climate Change, the global transport sector accounts for as much as 23% of energy-related carbon dioxide emissions, with over 70% attributable to road transportation. Sweden has woken up to this dire situation by making a commitment to building a transport sector free of fossil fuel by 2030. As part of this endeavor, the country inaugurated its first electrified road in April 2018, which allows both commercial and private vehicles to be recharged while in motion. The number of rechargeable vehicles in the country has also witnessed an exponential increase, growing from just 5,847 in 2014 to over 55,000 in 2018.
