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33 MPG in the city and 41
My '06 Ford Focus almost matches that. And its emissions are as low as a Prius.
I couldn't even fit my boogeyboard in a Smart Car! I'd have to put it on the roof. Not to mention, my Focus --or a Yaris, Civic or similarly mileaged car-- is a lot more comfortable and they have back seats.
Overall, I think the Smart Car is hype, aimed at gullible North Americans who are behind the curve when it comes to what's available in the wider world.