A short-circuit fault-tolerant control method based on deadbeat current tracking for a five-phase permanent magnet motor with a sinusoidal back-electromotive force or a trapezoidal back-electromotive force (EMF) is provided. By fully utilizing a third harmonic space of a five-phase permanent magnet motor in a fault state, the method proposes a fault-tolerant control strategy for a five-phase permanent magnet motor with a sinusoidal back-EMF or a trapezoidal back-EMF in case of a single-phase short-circuit fault. The method enables the five-phase permanent magnet motor to make full use of the third harmonic space during fault-tolerant operation, thereby improving the torque output of the motor in a fault state and improving the fault-tolerant operation efficiency of the motor. The method achieves desirable fault-tolerant performance and dynamic response of the motor, and expands the speed range of the motor during fault-tolerant operation.