By Vidhi Choudhary Electric cars were always a costly premise for both automakers and consumers Four years back Tesla’s (TSLA) – Get Tesla Inc Report charismatic Chief Executive Elon Musk had offered customers a lower cost, mid-range Tesla Model 3 sedan priced at an affordable $35,000. That price point is an unlikely proposition in present day. The Model 3 Rear-Wheel Drive now costs nearly $47,000. Earlier this week, Tesla however announced price hikes across its entire range of vehicles to offset rising raw material prices. It was the electric vehicle maker’s second price increase this month,…