I don't go along with that, as electric motors have become very small to what they were -and they are getting smaller. An electric motor turning an a/c at constant speed will matters very different and a smaller motor to suit.
You also have to take into account that hose area a potential failure point. Motors are ultra reliable. The bearings fail before the electrical side in
90% plus of cases. Electric motors cost no more than mechanical pumps, especially when mass production comes in.