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In this state the motor cannot maintain temperature, so going beyond that time window will shorten its lifespan or cause damage if continued.
Hobbyst EVs often take advantage of this by having a small motor and overloading it when accelerating.
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Overpowering the motor during the entire take-off would bring a high risk of having it fail too. But overpowering it to overcome the most common obstacles is perfectly viable in an emergency.
Anyway, about fires, they are a reasonably easy problem to deal with. Fires on liquid are much more dangerous than fires on solid, and batteries have a lower tendency of exploding and creating fumes than the gasoline that propels smaller planes. I imagine the largest problem of a fire would be on losing power. You can mitigate this by creating many independent battery banks, but this adds weight.
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In Eviation's Alice, the failure or shutdown of one of the wingtip's motors would require the shutdown of the other, on account of asymmetric thrust. It can be flown on the rear motor alone, but I do not know how well it would climb in the case of a motor failure on takeoff. Maybe an EE can step in and say whether electric motors can be over-powered for relatively short durations (in this case, a few minutes to return to the airfield) without much increase in the risk of it failing?
BTW, I see that this prototype is a tail-dragger, though rendered images show a tricycle gear.
[1] https://electrek.co/2018/06/04/siemens-electric-plane-protot...