Techniques for motor magnet degradation controls and diagnostics are disclosed. An exemplary technique determines q-axis current, d-axis current, q-axis voltage, and/or d-axis voltage of a permanent magnet motor based upon sensed current and voltage information of the motor. This information is utilized to determine flux information. The flux information is utilized in evaluating collective state conditions of a plurality of motor magnets and evaluating localized state conditions of a subset of the plurality of motor magnets. The evaluations can be used to identify degradation or damage to one or more of the magnets which may occur as a result of elevated temperature conditions, physical degradation, or chemical degradation.