I still prefer PHEV. Give me 40 - 60 miles of EV range then fuel afterwards. This covers 90% of my day-to-day driving while still being flexible for my longer road trips where I'm driving at higher speeds and don't want to plan every trip around EV chargers.
This is exactly the same in India.
The cheapest ICE car was Tata Nano, around 1.35 Lakhs Ex-showroom.
Cheapest EV is 4 Lakhs, Vayve Mobility Eva, but that too is not mainstream, you won't find one near you in a small city.
Cheapest mainstream EV, the MG Comet EV is priced at 7 Lakhs.
That confirms a few suspicions. And, the press releases by the car companies tell us about ever smaller return on sales. Something is not right.
Interestingly the heavy midsize EV's are counting with zero emissions into the fleet emissions. So, they replace an ICE SUV with an EV SUV. That's two flies with one stone. Get rid of the potential emission penalties and keep an ever growing margin. But, that EV SUV is as inefficient as the ICE SUV. So, maybe there should be a smarter way to count the fleet emission.