Focused on the troubles and defects introduced by the traditional single form of electric vehicle transmission, this paper proposes an electro-hydraulic power coupled electric vehicle based on the working principle of an electro-hydraulic power integrated drive system for light-duty cargo vehicles. The integration of the planetary row into the drive system allows the interconversion of mechanical, electrical, and hydraulic energy. By describing the system structure and composition, several working conditions during automobile driving are proposed, and the working principle of every circumstance is introduced. Simultaneously, the article determines the preliminary optimal ratio with the battery’s state of charge (SOC) as the constraint. Then, the orthogonal test matrix of electro-hydraulic ratios and speed thresholds for each operating condition is established according to Taguchi’s method. The impact of each optimized parameter on the motor torque and hydraulic torque as well as the SOC and the proportion of the effect is evaluated by the simulation to obtain the optimal solution. The simulation consequences show that the motor torque and hydraulic torque are reduced, and thus, the vehicle’s acceleration performance and energy recovery efficiency are improved.