Electric Drive Motor

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

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