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The future of the car 'is electric'

25 January 2013 Last updated at 00:46 GMT

Driving is bad for the environment. And in Singapore it is really expensive too.

That is why Smove offers electric car sharing as a cheap option for Singapore residents who do not want to own a high-maintenance gas-guzzler.

The company's founder, Tom Lokenvitz, explains what motivated him to start it up, and why it is not such an easy thing to be his own boss.