That is cheap for an AC EV vehicle motor of that size Ali. A Tesla unit of that KW rating will cost over 10 times as much.
It's this huge EV cost, that makes them a dream for many, including me.
That's my kinda conversion costs.
The batteries are a huge outlay too. Even lead acid batteries are expensive, but pale into insignificance by comparison to LiPo technology batteries. Tesla are looking to get there LiPo production costs down to under $100 per KWh, but couldn't get them below $200 per KWh, last time I checked.
This is my main concern with current EV vehicles on the market. If the batteries and power systems are costing 3/4 of the total cost of the whole vehicle, then how cheaply made is the last 1/4 of the vehicle.
Looking at the efficiency of these new EVs, they appear very cheap to run. However this still doesn't take into account the high initial purchase costs and ridiculous price of new batteries, when they become necessary.
I'd still like to have a go at a sensible priced EV Freelander though. I'm sure it's possible, although it'll never attain proprietary EV car ranges.