Nerys,
I work on HEV's at Ford for the last 10 years. There is no cheap way to do it on the cheap. If there was a way, we would be all over it. The 230V eBay motor are made to run at a constant speed, at some fraction of the field speed, which is 60 Hz. the only way to slow down the theoretical vehicle would be to use a brake, not the most efficient. If 7.5 kW generator was your only source of power, you 0-60 acceleration time would be "same day" Seriously, it would
take 3+ min to reach 60 mph. It would be difficult to have any kind of safe dirveability w/o batteries. the lowest cost option is to buy a used EV:
EV Tradin Post: Electric Vehicle Classifieds
and put a generator and a charger on board, basically a low tech volt.