A drive is the digital camera that harnesses and regulates the electrical energy delivered to the electric motor. The drive feeds electrical power in to the motor in different amounts and at various frequencies, thereby indirectly managing the motor’s velocity and torque.

So the many economical choice would be a Three Phase Induction motor followed by a BLDC engine. I’d suggest BLDC ( because of its huge market Electric Drive Motor china penetration in recent times,ease of availability and easier electronic devices/control ) or PMSM (Long term magnet synchronous motors )