AC motors can be built with more power since they have access to very large sources of power. 480V and 100A of current is already 100 times more power than what would completely drain a car battery in 1/2 hour.
AC motors do have some drawbacks though for small applications. So for a small hand drill with a cord that plugs into the wall, it has what's called a universal motor. Its actually a DC motor design that also happens to work on AC. It has the advantages of a DC motor with its high startup torque and maybe reversible direction, but also the disadvantage of brushes that wear out, and so on.
As Danger said, since a battery powered device only has DC to work with, it makes sense to have a motor that works with that source. It wouldn't make much sense to have to add circuitry and expense to convert to AC.