In this paper, an Artificial Neural Network (ANN) for accurate estimation of the speed and flux for induction motor (IM) drives has been presented for industrial applications such as electric vehicles (EVs). Two ANN estimators have been designed, one for the rotor speed estimation and the other for the stator and rotor flux estimation. The input training data has been collected based on the currents and voltage data, while the output training data of the speed and stator and rotor fluxes has been established based on the measured speed and flux estimator-based mathematical model of the IM. The designed ANN estimators can overcome the problem of the parameter’s variations and drift integration problems. Matlab/Simulink has been used to develop and test the ANN estimators. The results prove the ANN estimators’ effectiveness under various operation conditions.