This invention discloses a method and system for identifying threat targets in a driving environment based on the coordination of electroencephalography (EEG) and eye movement. The method includes the following steps: S1, acquiring real-time video of the road conditions in the foreground and performing multi-target detection and tracking; S2, displaying flashing arrows of different stimuli on the target and following its movement, collecting eye movement data and EEG data; S3, processing the eye movement data to obtain eye movement results, and processing the EEG data to obtain EEG results; S4, combining the eye movement results and EEG results to output the target tracking result. This invention has advantages such as reducing the false positive rate, shortening the target recognition time, and improving the recognition accuracy.