A method of voltage supply management for an electric drive system includes receiving a voltage signal (1002) indicative of a voltage in a supply link, and one or more condition signals that are indicative of an operating condition of the electric drive system. A difference between a desired voltage value (1008), which is calculated based on the voltage signal (1002) and the one or more condition signals, and the voltage signal (1002) yields a voltage error signal (1014). The voltage error signal (1014) is evaluated to indicate an over-voltage condition or an under-voltage condition. Power is dissipated from the supply link when an over-voltage condition is present and a torque command limit with respect to the one or more electric drive motors (210) is imposed when an under-voltage condition is present.