This paper shows the results obtained from the study on the variables that have the greatest influence on the decision to replace three-phase induction motors, without a defined efficiency class and installed in industrial applications, with IE3 efficiency class induction motors. The work has been carried out on motors with a nominal power of 1.5 kW due to the availability of laboratory tests that have allowed us to accurately quantify the selected study variables. According to IEC 60034-30, between 0.75 kW and 4 kW is the greatest potential for energy savings in electric motors installed within the industrial sector. The tests carried out have made it possible to assess different operating conditions of the motor: direct power supply from the grid, electronic power supply using scalar control, and electronic power supply using direct torque control. The study has focused on three aspects: energy evaluation, assessing the savings potential; economic evaluation, based on indicators such as Payback Period and Net Present Value; environmental assessment, quantifying the impact indicators proposed by the Methodology for Ecodesign of Energy-related Products (MEErP). A sensitivity analysis has been carried out to quantify, through ratios, different operating points from those directly analyzed in the article.