 "Mahindra & Mahindra E20 electric vehicle")
The world’s auto makers are vying to build an affordable electric car to target drivers in emerging economies and potentially create a competitor to Chinese-made vehicles.
They need to radically reduce sticker prices for electric vehicles to around $7,000 to entice the average buyer and sell enough cars to have a meaningful impact on emissions.
At India’s Auto Expo this month, held on the outskirts of New Delhi, there were 25 electric vehicles on display, up from just a handful at the last show two years ago. Toyota MotorCorp. , Hyundai Motor Co. , Renault SA, Kia Motors Corp. and
