The invention discloses a coaxial central motor which comprises a machine shell, a middle shaft, a stator assembly, a rotor assembly, a speed change module and a clutch module. The stator assembly, the rotor assembly, the speed change module and the clutch module are located in the machine shell. The stator assembly is sleeved with the rotor assembly and connected to the machine shell, the middleshaft penetrates through the stator assembly, the rotor assembly, the speed change module and the clutch module, the speed change module is connected with the rotor assembly, the clutch module is connected with the middle shaft and the speed change module, and the middle shaft penetrates through the machine shell and stretches out of the machine shell. Through the above design, the axis of the stator assembly, the axis of the rotor assembly, the axis of the speed change module and the axis of the middle shaft coincide, the whole transmission process is simple, mechanical losses in the power output transmission process are small, and abrasion is not likely to be caused. The motor is low in noise during operation, and the service life of the motor is prolonged.