This paper aims to investigate the interlaminar shear properties and failure mechanisms of plain woven carbon fabric/polyetheretherketone (CF/PEEK) thermoplastic composites under high strain rate impact loads at different temperatures (25°C, 120°C, 295°C). A reliable hot air flow heating method with SHPB is creatively employed for short beam shear experiments. A multi-scale model was developed to predict the impact behavior of plain CF/PEEK composites. Both results show that the thermoplastic composites have strong strain rate and temperature dependence, and which are more sensitive to temperature effect. As the temperature increases, the thermoplastic composites are mainly affected by the softening effect of the matrix due to the glass transition temperature. The shear modulus and peak stress appear to decline at high temperatures, while the failure strain tends to increase. The damage mode changes from interlayer delamination cracking at the glassy state to shear fracture and fiber pullout at a highly elastic state. As the strain rate increases, the failure strain decreases, while the shear modulus and peak stress show the opposite trend. Fiber bundle breakage, debonding, matrix cracking, and significant interlayer delamination occur at high strain rates.