is it possible to have working EVs at say USD 4200 based on indian prices? https://www.renault.co.in/cars/renault-kwid/kwid-price.html https://www.renault.co.in

is it possible to have working EVs at say USD 4200 based on indian prices? https://www.renault.co.in/cars/renault-kwid/kwid-price.html https://www.renault.co.in/cars/renault-kwid/kwid-price.html select a random state and city. 400,000 INR. think how the indian consumer sees this EV calculation. 400K via financing is say 10-25% upfront. Then the balance over say 4-6 years. a monthly fuel cost of 5-10K INR + maintenance is "Affordable" for car buyers in india. This is the lowest end of the spectrum. For these people, an EV with 100Km range is more than sufficient because fast chargers are starting to come up but the cars need to be cost competitive. Right now the cheapest EV car in india is around 1.4 Mil INR or 19000 USD. This is a huge jump from the entry barrier into ICE car and an EV. A reasonable mid level car "hyundai i20" starts at ₹ 679,900 or USD 9000.