Just for the record, I would anticipate a smaller voltage spike, but larger current flow when braking hard in a vehicle.
Because an unloaded motor stops almost instantly (only the inertia of the rotor/shaft to stop), the magnetic field collapses instantly as well, which induces a large voltage. But since a field only has so much energy (think "watts"), a high voltage will yield small current.
In a vehicle, the motor will not stop as instantly (vehicle weight "drags" the motor further), so the field will collapse a little more slowly yielding a little less induced voltage, but the spike width would be a little longer and also flow a little more current. This is confirmed by othello's graphs above.
Isn't it nice when all the theory and formulas agree with real-world results?
This test was just for fun really, but it does prove that back-EMF can in fact produce a higher voltage than the supply (battery). It's all about the time the field expands vs the time it is allowed to collapse.
Now, this back-EMF spike will be dependant on several factors: vehicle weight, speed just before braking, motor kv, motor style (slotted vs slotless), charge voltage (battery), traction of surface, etc.