A drive is the electronic device that harnesses and regulates the electrical energy sent to the electric motor. The drive feeds electrical power into the motor in different amounts and at varying frequencies, thereby indirectly managing the motor’s quickness and torque.

So the the majority of economical choice will be a Three Phase Induction motor followed by a BLDC motor. I’d suggest BLDC ( because of its huge marketplace Electric Drive Motor china penetration recently,simple availability and easier consumer electronics/control ) or PMSM (Permanent magnet synchronous motors )