1. Solution to a faster adoption of vehicles using alternative fuel Ultra Low Emission Vehicles (ULEV) powered by liquid electricity

2. Total market and alternative fuel vehicles sales
Slow adoption of alternative fuel vehicles in Iceland
Same issue globally
New vehicle sales in Iceland
Vehicle segment
Sales 2015
Share
Small/mini pass.cars
3.919
25,4%
Medium pass. Cars
3.089
20,0%
Large pass. Cars
1.335
8,7%
Other pass. Cars
5.690
36,9%
Small/medum buses 47
0,3%
LCV´s
1.248
8,1%
Pick-ups 92
0,6%
Total
15.420
100,0%
Alternative fuel vehicle sales in Iceland
Vehicle segment
Sales 2015
Share
Battery electric vehicles
279
1,8%
Hybrids/plug-in hybrids
261
1,7%
Methane 14
0,1%
Petrol/methane
211
1,4%
Total alternative fuel vehicles
765
5,0%

3. Reasons for slow adoption
There are several reasons why adoption of alternative fuel vehicles is slow
High price despite government intervention
Lack of distribution infrastructure (charging stations, methane and bio-diesel filling stations, etc.)
Charging time (BEV) / filling time (Methane gas)
Range anxiety / range uncertainty
Lack of available and relevant models (different body styles, 4x4, LCV´s, pick-ups, buses)
Usability restrictions (luggage space, towing capacity)
Residual value risk
New, unknown, technology which buyers do not trust

4. M100 vehicles the solution for faster adoption
M100 vehicles powered by methanol from renewable sources (liquid electricity) can pass the obstacles
Vulcanol fuel from Carbon Recycling International offers % reduction in emissions (well to wheel calculation)
High price despite government intervention
Competitive price, affordable vehicles
Lack of distribution infrastructure (charging stations, methane and bio-diesel filling stations, etc.)
Liquid fuel mean minimum effort to change distribution
Charging time (BEV) / filling time (Methane gas)
M100 offers same filling time as currently for petrol or diesel
Range anxiety / range uncertainty
None
Lack of available and relevant models (different body styles, 4x4, LCV´s, pick-ups, buses)
Easier to adopt M100 to various models and types
Usability restrictions (luggage space, towing capacity)
No restrictions
Residual value risk
Much less risk as vehicles same or similar to current vehicles
New, unknown, technology which buyers do not trust
No, based on same technology as today

5. The solution is here: Geely Emigrand 7
Geely Emigrand 7 vs the VW Golf
VW Golf for comparison as it is available in several alternative fuel options
Size comparison show Emigrand 7 is larger and roomier
Size comparison in mm
Golf
Emigrand 7
Length
4255
4631
Width
1790
1789
Source: VW importer Hekla
Source: Geely

6. VW Golf pricing in Iceland
Retail price (based on low or zero emission duties)
Brand & model
Fuel type
Retail price
VW Golf
Petrol/methane
Battery electric
Hybrid electric
Source: VW importer Hekla

7. Geely Emigrand 7 – affordable alternative fuel vehicle
Retail price (full import duties vs zero emission duties)
Brand & model
Fuel type
Full 35% duties/VAT
Zero emission 0% duties/VAT
Zero emission w/o VAT
Geely Emigrand 7
Methanol
Source: Brimborg | Importer of Geely vehicles

8. Thank you