Oil independence to be won through grants to vehicle R&D - Dissappointing Swedish News.
Once again Sweden, the first nation to proclaim its intention to become oil independent, acts disappointingly in a way far removed from what many believed were its true intentions. As reported in the Swedish daily newspapers on the 24th July, the Swedish State are to finance a research and development program to produce better environmentally suited vehicular technology. It is hoped Swedish vehicle industry suppliers as well as other companies will participate in the program to increase the competitiveness of Swedish vehicle industry. The total budget is 800 million kronor, 282 million (35 percent) coming from the State, the rest from the industry.
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