The invention discloses a 
low smoke zero halogen thermoplastic elastomer flame-retardant cable material which comprises the following components in weight ratio: 100 parts of 
ethylene-propylene 
diene monomer rubber, 50-200 parts of SEBS503 and / or 
maleic anhydride grafted SEBS, 55-100 parts of reinforcing agent, 100-300 parts of plasticizing and 
softening agent, 0-5 parts of 
pigment, 8-12 parts of auxiliary agent, 1-4 parts of cross-linking agent, 150-550 parts of 
flame retardant agent and 40-150 parts of liquid reinforcing and 
softening rubber. The preparation method of the material comprises the following steps of: firstly, mixing, plasticating, cooling and granulating the SEBS 503 and / or 
maleic anhydride grafted SEBS, the plasticizing and 
softening agent, the reinforcing agent, the 
pigment and the 
ethylene-propylene 
diene monomer rubber particles to prepare 
thermoplastic elastomer master batch; then, mixing the 
thermoplastic elastomer master batch with the auxiliary agent, the 
flame retardant agent and the liquid reinforcing and softening rubber, adding into a mixer, and stirring uniformly; and finally, mixing, plasticating, cooling and granulating to obtain a finished product. The product does not contain 
halogen, has excellent flame retarding 
efficacy and is not embrittled and hardened under the low temperature condition of subzero 40 DEG C. The preparation method has simple equipment and technology and does not have any three wastes 
discharge or environmental 
pollution.