Electric Drive Motor

A drive is the electronic device that harnesses and settings the electrical energy sent to the engine. The drive feeds electrical power in to the motor in Electric Drive Motor different amounts and at different frequencies, thereby indirectly managing the motor’s acceleration and torque.

So the most economical choice will be a Three Stage Induction motor followed by a BLDC motor. I would suggest BLDC ( because of its huge marketplace penetration in recent times,ease of availability and easier electronics/control ) or PMSM (Long lasting magnet synchronous motors )