A stretchable handle-rotatable portable electric vehicle comprises a battery box, a front fork, a stretchable rotatable handle, a front frame, a middle frame, a rear frame, a saddle, a front wheel, a rear wheel and an electric drive system, wherein the battery box is connected to the stretchable rotatable handle, the front frame and the front fork; the stretchable rotatable handle is composed of a left handle, a right handle, an upper locking part, a lower locking part and a pull handle; the front frame is composed of a rotation part and a front beam; the rotation part is composed of a drum base and a rotary component; the middle frame comprises a double-beam tube, a first dual-tube sleeve, a rear tube sleeve, two pedal parts, a folding plate, a first locking hook part, a dragging wheel, two shock-avoidance polyurethane blocks and a rear frame hook; the rear frame is composed of a left rear fork tube, a right rear fork tube, a second dual-tube sleeve and a foot support; the saddle is composed of a saddle tube, a saddle folding part, a second locking hook part, a saddle rod and a saddle seat, and the saddle folding part is composed of a dual-hole connecting part, a connecting rod and a U-shaped plug; the front wheel is installed on the front fork; the rear wheel is installed on the rear frame; and a motor is installed on the front wheel.