The invention relates to a tricycle, and is a novel means of transport. The multifunctional draw bar type electric folding tricycle is a draw bar vehicle when the tricycle body is set upright and the tricycle is totally in a folded state; the tricycle is an electric scooter when the tricycle body is horizontally placed, a handlebar is unfolded and a saddle board is kept folded; and the tricycle is an electric tricycle when being totally unfolded. The multifunctional draw bar type electric folding tricycle has a draw bar type foldable electric tricycle frame structure, and comprises a whole frame, a front end draw bar, a front wheel and baffle, a folding support and saddle, a folding handlebar, a tricycle board and fixing member, a tricycle rear three-dimensional frame, a tricycle rear-bar handlebar clamping and fixing member, rear wheels and an electric system. The multifunctional draw bar type electric folding tricycle is quick to fold, is convenient for travel, and is light and handy in structure and easy to place after the tricycle body is set upright; after the tricycle is folded, the tricycle body can be moved conveniently and easily in a draw bar type.