The invention discloses a multifunctional electric baby carriage which comprises a frame, a two-wheeled balance car and a pedal a. The two-wheeled balance car and the pedal a are arranged on the lower portion of the rear side of the frame. The frame comprises a rear wheel driving rod, a rear wheel connecting pipe and a manual control rod a. A manual control handle is formed at the upper end of the manual control rod; a rotary head is formed at the front end of the rear wheel driving rod; a limiting part b is formed at one side of a fixed base, and a limiting part a cooperating with the limiting part b to limit the rotating range of the rear wheel driving rod is formed on the outer wall of the rotary head. When the multifunctional electric baby carriage is used as an electric baby carriage, the pedal a is turned outwards to be placed on the ground, the two feet of a user are placed on a pedal body, the two hands are placed on a pushing handle pipe, the manual control handle is made to be close to the pushing handle pipe with fingers, and the baby carriage moves forwards. When the user wants to brake, the baby carriage can stop advancing immediately simply by resetting the manual control handle. The multifunctional electric baby carriage can also be used as a common baby stroller, and can also be independently used as a two-wheeled balanced car.