Temperature issues?
Lets not forget the other main cause of damage in electrical circuits heat. (AC or DC) 
Actually, it's the "build up" of excessive heat (beyond the "specified operating parameters")
But, it's NOT the conductors that usually fail, they just do the "heating up".
It's usually the insulator that fails like
...the insulation covering on a wire
...or the plastic housing that holds the terminals in a connector
...or even the housing/material that holds the contacts in a switch.
So, I guess it's time to discuss insulators a bit 
First, here is some good "backstory" info
Wire
"IEC, abbr. for International Electrical Commission, is the oldest international organization for standardization. It is formed by the electro technical commissions from the countries around the world. IEC authority is world recognized.
CCC, abbr. for China Compulsory Certification, is a compulsory accreditation system in China. Its listed commodities must be approved by national indicated organization. In China, only after the acquirement of related certificate could the electrical products leave factory or custom and be sold or used in public place. Wire and cable are first class listed goods in China. Our wire product has an attached random code following the CCC mark printed upon the product and customer can identify the purchased product through inquire the random code.
Our company is a creditworthy manufacturer who is expert at the manufacture of high temperature resistant silicone rubber wire and cable. We have advanced production equipment. Our IEC 60245, IEC60245-3, IEC60245-1 and IEC60245-2heat resistant silicone rubber insulation wires are all spark and pressure test passers and ageing treated. They have outstanding insulation and mechanical performance. Our product is affordable for the trust from customers.
Huacheng is a professional Chinese standard heat resistant wire manufacturer, based in China. We offer a broad range of products, including AWM3304 high temperature high voltage silicone rubber wire, AWM 1577 heat resistant Teflon wire, AWM 5108 heat resistant electrical equipment lead wire, and more.
We are a professional VDE approved high temperature wire manufacturer in China. We also provide AWM3135 silicone rubber heat resistant wire, JGG-6KV silicone rubber insulation high voltage motor lead wire, AFP-300/500V high temperature leading wire, and much more."
http://www.wirescable.com/3-domestic-certified-wire.html
Now, we know that when we see CCC on switches & connectors this indicates that a product has a China Compulsory Certification.
…& also some more info on the "standards" that they go by
PVC Insulated Wire and Cable
"Brief Introduction
(a) Conductor
This PVC insulated wire uses the bare copper or tinned copper as the conductor. Configured with high purity copper rod, the tinned copper is designed into copper strands on request of rigid or flexible construction. It is consistent with the environmental protection rules and meets the 5 level of IEC standard, too. This conductor is flexible with extremely high conductivity.
(b) Insulator
As for the insulation part, our product uses the polyvinyl chloride, abbreviated as PVC plastic. The PVC is a kind of non-toxic eco-friendly material conforming to the RoHS rules. It incorporates a series of features like light weight, preeminent resistance performance against heat, moisture, flame, corrosion, chemical liquid, acid and alkali. Due to the excellent thermal stability, this material is capable of working as several kinds of temperature rating, like 70ºC to 80ºC, 90ºC and 105ºC.
Application
This PVC insulated wire and cable is applied to cooperate with the wire harness, lighting device, instrument, electric panel and electrical equipment working in high temperature places.
Technical Data
Voltage range: 300V, 500V, 600V
Temperature rating: 800ºC, 90ºC, 105ºC
Voltage test: 1500V-2000V
Spark test: 4000V-6000V
Color: Red, white, yellow, green, blue, black, transparent, double-color, etc."
http://www.wirescable.com/10-pvc-insulated-wire-cable.html
The (300V 105*C) PVC insulated wire is the type used in most 12V automotive circuits
...& also for most of the circuits on 24V & 36V electric scooters & go karts.
On these "lower" voltage scooters & go karts, this type of wire is used on both the "big" power "battery/motor" circuits (~10g.)
...& also for the "small" power "signal/control" circuits (~18g.) too.
On the larger 48V & 60V EV (electric vehicle) speed controllers, the PVC type of wires are still used for the "small" control circuits (~18g.)
...but, on the "big" power wires (~10g.) they seem to have "stepped it up a bit" & use wire with heat resistant silicone rubber insulation, labeled 60245 IEC 03 (YG) 300/500V 2.5mm(2).
IEC 60245 Heat Resistant Silicone Rubber Insulation Wire
"Parameters
Rated Voltage: 300/500V
Rated temperature:-60℃~+180℃
Conductor: Multi-piece or single piece nickel-coated, tin-coated, silver-coated copper wire
Insulator: silicone rubber
Applicable for high temperature environment such as electron, electrical household appliance, lamps and lanterns, combustion equipment
Wire Lettering: CCC A005640 60245 IEC 03(YG)(0.5mm2~16mm2) 180℃ 300/500V"
http://www.wirescable.com/3-1-silicone-rubber-insulation-wire.html
So, this indicates that the electrical engineers, at the Chinese factory('s) that make these speed controllers, decided that for the "smaller" voltage speed controllers (up to 36VDC) the PVC insulated thin strand copper wires was adequate to use for ALL of the circuits (big) power & (small) control.
&
The PVC insulated thin strand copper wires also seem to be adequate to use for the "small" control wires on the 48V & 60VDC speed controllers
...but, for the "big" power wires they chose to use thin strand copper wire with the heat resistant silicone rubber insulation. (must of wanted or need a higher level of temp protection)
* I also noticed that "they" use the same Namz connectors on ALL of these ELV (extra low voltage) speed controllers/systems (12V up to 60V)
…& also on ALL circuits big "power" & the small "control" ones too.
So, this indicated that they can handle (at least) 72VDC & (up to) ~20A (cont.) & ~50A (max)
Actual ratings:
Small connectors with 2mm terminals & ~18g. wire = up to 10A
Large connectors with 4.5mm terminals & ~10g. wire = up to 50A 