I have been told different things about Inverter duty motors, from it doesn't matter, to add and LC filter to turn the high frequency component to low frequency, to its just a matter of insulation. I plan on experimenting with the filters once I get the car running. If I burn out the motor there are others I can try, this car will be an educating experience.
The voltage puzzle looks like this:
AC voltage is listed as RMS value - think of it as average. If you look at the sine wave, the peaks will be 1.414 times the RMS voltage. Peak voltage for a 230V power line is 325V (for 460 AC its 650V). Inside the inverter the capacitor bank charges up to this max voltage and the inverter uses it to create the peaks coming out so if you want to just provide DC you need the DC voltages. The inverter I have will run down to 200V without shutting down but the motor won't have as long of a constant torque curve.
The batteries I have are 75AH AGM (C&D UPS 12 270) the motor is rated at 53A at full load - at 50A I should get 40 to 60 minutes out of the batteries, at freeway speeds that means 60miles - yes, thats best case and I don't expect to see that.
Wheel motors are a neat idea, but the real problem is unsprung weight. If you look at formula 1 cars they even move the brake rotors inboard to keep the unsprung mass at a minimum. I have been thinking about configurations with 1 motor per wheel and if I was going to make one I would get a small SUV like a Honda CRV or similar and use the 4 wheel drive mechanism to put 1 motor on each wheel but keep them on the chassis not in the wheel. I actually have some rather large brushless DC ring motors that might be useful for this.
As for Hydraulics they don't have a reputation as being efficient, you tend to generate a lot of heat pushing fluid around - notice the transmission coolers and industrial radiators on hydraulic systems. I would expect you might have a speed problem as well, to get a hydraulic motor spinning fast you need lots of flow, big hoses and a big pump. Regenerative braking would be possible with a hydraulic system, you just need some big tanks that can hold 2000psi and enough fluid to pump into them against a gas - I suppose that could get a little heavy :-)