This paper compares three-phase and five-phase two-level voltage source inverters (TPTLVSI and FPTLVSI) for induction motor drives, analyzing their harmonic performance through MATLAB simulations. It finds that using a 120° conduction mode yields the lowest total harmonic distortion (THD) while also examining the trade-off between fundamental voltage loss and harmonic content benefits. The results highlight the advantages of five-phase inverters, such as reduced phase current and improved fault tolerance.