The invention discloses a terahertz material used for emission reducing and oil saving of a gasoline vehicle and a preparing method and application thereof. The material comprises, by weight part, 20 to 35 parts of SiOx, 3 to 15 parts of Al2O3, 25 to 45 parts of SiO2, 15 to 25 parts of Fe2O3, 20 to 40 parts of ochre, 0.5 to 2 parts of barium tungstate, and 15 to 25 parts of CaCO3. All components are mixed according to the proportion, through smashing, the components enter the oxygen-free environment to be heated to 600 to 1200 DEG C, maintaining is carried out for three to eight hours, secondary smashing is carried out, through the terahertz irradiation line, reinforcing treatment is carried out under the conditions of 10 mW to 100 W and time of five seconds to 1 hour, and the terahertz material used for emission reducing and oil saving of the gasoline vehicle can be obtained. Molecular activity of gasoline and air participating in combustion work can be improved, the molecular group is reduced, the combustion efficiency is improved, and meanwhile the effects of reducing the emission, saving the energy and ipmroving the power are achieved.