Great point Scott. Not only those parts, but consider as well that the tires from Goodyear and Firestone are only rated at 35mph or something along those lines. Pushing beyond the limits of factory ratings is one of the Monster Truck industry's Ten Commandments.
But as fun as it is to discuss electric motors and things of that nature being used in an MT application, I highly doubt they will ever be used to any extent, if at all. I'm not saying "bah, you're all dumb for talking about it!" but here are a couple points that stand in the way of the idea, IMO:
1.) People are trying to make a living in this sport. It is far easier to take a known combination that works and put it to use than it is to re-invent the wheel, as it were.
2.) Maintenance. Most trucks are under-maintained as it is, so I don't see a high-demand electrical system and its motors getting the love they need after a point.
3.) Wiring. For an idea like this to become commonplace, 96% of the monster truck industry will need to attend a "How to Safely Wire a Vehicle" class.
4.) Cooling. As Scott touched on, cooling would be a major issue. Not only do large electrical motors generate a great amount of heat under normal operating conditions, imagine someone like Dennis Anderson, who is constantly peddaling the truck and jamming the brakes running an electrical motor truck. That's hotter'n liquid fire right there, baby. I see no reliable, user-friendly way to cool these motors.
5.) Custom housings. Most teams are *still* shying away from custom housings for one reason or another. Asking them to abandon the stuff they know and love-to-hate is tough.
6.) Know-how. The first recorded instance of a man finding affection for a combustion engine dates back to the early days of Rome. Guys (and some gals) like combustion engines, they know how to work on combustion engines, and they enjoy using combustion engines. As complicated as a combustion engine can be, you still don't have to be a rocket scientist to own/operate one in a "hot rod" situation.
7.) Sex Appeal. I threw this one in here...why not??? There's nothing exotic, romantic, daring, or dangerous about using electrical motors other than the potential for severe electrical shock. A big, bad, and blown alky-snuffing, oil-spitting, fire-crackling, crew-shirt melting, hat-blowing-off, ceiling-insulation-rattling V-8 on the other hand...well....let's just say that a monster truck engine is the redneck sex appeal version of Burt Reynolds in Smokey & The Bandit. Yeah, that's right.
I'm sure I can go on and think about 50 other reasons why it wouldn't work out, but please understand that I'm not putting the idea down....just offering up the devil's advocate point of view. That, and I like combustion engines
-kd