Yes, there is an induced EMF called "Back EMF" or "Counter EMF". This is proportional to the rate of rotation of the coil; the higher the velocity of the coil the higher the counter induced EMF.
The counter EMF can be calculated by subtracting the impressed voltage ($V$) in the coil from the supply EMF coming from the power source:
$e = E - IR$, and $V = IR$.
Where, the supply EMF is: $E$, the back EMF is: $e$, the resistance of the coil is: R and the current through the coil is: $I$.
-Since ($e$) is proportional to the angular speed ($\omega$ ) the greater $\omega$ the smaller $I$.
There must be slightly more impressed voltage than Back EMF, to allow enough current to flow, to overcome frictional losses. Once a load is added, all this goes out the window, because the motor slows down, reducing the Back EMF, and allowing greater current to flow, and greater power developed to drive the load.
If a motor has zero friction losses, the maximum velocity can be achieved when the counter EMF is equal to the supply EMF.
A simple test you could perform at your car: With the window closed, lift the switch of the electric window in your car that is running at idle, and hold it momentarily and notice the idle RPM drop. The electric motor in the door is stationary and therefore the inrush current will be very high. The alternator will try to provide for the large current which subsequently drags down the engine. As soon as the power window motor overcomes its inertia and starts spinning, back EMF will be produced, exerting less load on the alternator. Hence, the engine speed will return to the normal operation. (Wikipedia)