A drive is the electronic device that harnesses and handles the electrical energy delivered to the motor. The drive feeds electricity in to the motor in varying amounts and at different frequencies, thereby indirectly managing the motor’s quickness and torque.
So the most economical choice would be a Three Phase Induction motor accompanied by a BLDC engine. I’d suggest BLDC ( because of its huge market penetration in Electric Drive Motor recent times,ease of availability and easier electronics/control ) or PMSM (Permanent magnet synchronous motors )