Think smart parking meters that ping your phone when you drive near an open space.

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There will also be renewed activity in the fast-growing Machine-to-Machine (M2M) community (there are more machines in the world than people), and a new category of devices for stationary types of applications such as video cameras, smart grid applications, smart parking meters, and other devices that will use these new networks.

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Smart is also in discussions with APCOA, the largest parking garage operator in Europe, to install RFID tags in all smart cars.

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It would take four big changes, but the technology for all of them is already available: a new automotive DNA based on electronics and connectivity, a mobility internet to manage vast amounts of vehicle traffic and integrate vehicles into the internet of things, smart, clean renewable electric energy, and last but not least, it would require electronically managed, dynamically priced markets for electricity, roads, parking and vehicles, in other words, smart cities.

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Designed primarily for city and suburban use, the new car will be smaller than a Smart car (three of them can fit into a single parking space), light (around 500 kilos), twice as efficient as an average car and will have the lowest emissions of any car in the same class.

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