The invention discloses a method for simultaneously identifying loads and mutual inductance of a multi-load wireless power transmission system, which comprises the following steps of: firstly, enabling a multi-load system to be equivalent to single-load systems with different working time sequences through a time division multiplexing method; voltage overshoot and instable voltage occurring in a time division operation identification algorithm are prevented through double filter capacitors and bus voltage adjustment; and then introducing a particle swarm algorithm, establishing a system steady-state circuit model, establishing a fitness function through a difference value between a sampling output voltage and a prediction output voltage, converting a parameter identification problem into an algorithm optimization problem, and carrying out optimal solution search on a to-be-identified parameter to replace a traditional calculation method, so that errors generated by a traditional equation are avoided. According to the method, only input and output voltages need to be sampled, the communication data volume is reduced, the circuit complexity is reduced, and the system size is reduced. According to the method, the load and mutual inductance of the multi-load wireless charging system can be identified in real time, and the working range of the wireless charging system is expanded.