The invention discloses a night vision augmented virtual reality head-up display system and method. The system comprises a vehicle driving environment data collection unit, a vehicle calibration data collection unit, a vehicle end information processing unit, a cloud end information processing unit, an experience driving computer and a virtual reality head-up display device. A vehicle-mounted terminal constructs a vehicle surrounding environment 3D model by aggregating information of environment sensing equipment or sensors, positioning equipment and the like installed on a vehicle, and multi-dimensional sensing of the vehicle to the environment is achieved; through the autonomous communication function between the vehicle and the cloud information processing unit and between vehicles, the sensor data sharing function between the vehicle information nodes on the same road section is achieved, and the safety of road traffic is further improved. According to the system, the night vision sensor is additionally arranged, so that the intelligent driving assistance of the vehicle and the environment identification capability of a driver in severe environments such as weak light, strong light, rain, fog, smoke, haze and raised dust are improved, and the driving safety is enhanced.