Using water to displace carbon dioxide adsorbed in coal can prevent coal and gas outbursts. However, the mechanism of continuous water injection replacing adsorbed gases in coal has not been well studied. An experiment with the same water injection pressure and different adsorption equilibrium pressures for displacing carbon dioxide was conducted. The variation patterns of the amount of displaced carbon dioxide, time, and water displacement rate, displacement ratio, and water action ratio were analyzed. The modes of water injection displacing carbon dioxide are discussed. The results show that the change in the amount of displaced carbon dioxide consists of three stages: rapid, slow, and stop growth stages. For the same displacement time, as the adsorption equilibrium pressure rises, more carbon dioxide is displaced. The time displacement rate and water displacement rate can be divided into three stages: rising, peak, and dropping stages. As the adsorption equilibrium pressure increases, the duration of the peak stage decreases, while the time and water displacement rates increase. At different adsorption equilibrium pressures, the carbon dioxide displacement ratio ranged from 45% to 54%, less than the natural desorption ratio. But the water action ratio containing the gas dissolution amount was close to or greater than the natural desorption ratio. Thus, the displacement effect of flowing water accelerated the desorption of carbon dioxide in coal. The modes of carbon dioxide displacement by water injection include waterdisplacement, gas-dissolution displacement, and gas-diffusion−dissolution displacement. The findings of this study provide novel suggestions for preventing and controlling coal and gas outbursts.