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Configuration parameters of vehicular hybrid power systems (HPSs) are critical to their economy, weight, and fuel consumption. Many marine vehicles have parameters often set based on engineering experience when designing them, which often leads to excess power from power sources, increased costs, and increased emissions. In this paper, a multi-objective optimization model, which includes the economic cost, weight, and fuel consumption, is proposed to evaluate the performance of configuration parameters. To optimize the objective optimization model, this paper adopts a genetic algorithm (GA) method to iteratively calculate the globally optimal configuration parameter results. Finally, three sets of different weight coefficients are used to verify the configuration optimization results when considering different optimization objectives. To verify the advantage of the multi-objective optimization method, the three sets of optimized results are compared to a specific configuration parameter of a marine vehicle. From the simulation results, compared with the original configuration scheme, the total economic cost of Scheme 1 is reduced by 37.25 × 104 $, the total weight is reduced by 213.55 kg, and the total fuel consumption is reduced by 163.64 t; the total economic cost of Scheme 2 is reduced by 12.2 × 104 $, the total weight is increased by 393.36 kg, and the total fuel consumption is reduced by 271.89 t; the total economic cost of Scheme 3 is reduced by 36.89 × 104 $, the total weight is reduced by 209.2 kg, and the total fuel consumption is reduced by 162.35 t.

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