If I understand your question correctly it basically falls back to a HP = watts equation. The more the HP, the more electrical power (watts) are needed. Watts are a derivative of voltage and current, the higher the watts the more of one (or both) you need.
The amount of current determines the wire size so for a give n wire you can get far more watts the higher the voltage.
The wire size for a 5000 hp motor at 480 (to get enough Watts) would be phenomenal.
For smaller HP the smaller wire sizes at 480 are adequate and higher voltages for the smaller motors pose more design cost and safety factors.
Hopefully this helps.
(Dennis, sorry, I;m a slow typer)