The invention belongs to the technical field of electric tools and relates to a double-speed multifunctional electric hammer. It includes front-end and rear-end components; front-end components include front-end housing, base, transmission shaft assembly, impact shaft assembly, sliding pinion assembly, low-speed large gear, high-speed large gear, large gear return spring, inner and outer knobs, and low-speed slide plate , High-speed skateboards, skateboard springs, anti-rotation plates, etc. The invention realizes the conversion of five functions of the electric hammer, such as single hammer, neutral gear, hammer drill, low-speed drill, and high-speed drill, with one knob, and has reliable function and convenient installation and use. The method solves the problem that the efficiency of the existing electric hammer is not high when drilling small holes on steel and wood.