This application provides a powertrain and an electric vehicle, relating to the field of motor technologies. In the powertrain, two driving motors are disposed in parallel. In this way, a length of the entire powertrain is shortened, and the powertrain is not excessively long to be disposed in reserved space of the vehicle. To prevent occupying space of a passenger compartment, a battery pack, a trunk, and the like, reserved space for disposing the powertrain on an existing mainstream vehicle is more on one side relative to a wheel shaft. Therefore, in the powertrain designed in this application, when two reducers respectively mesh with the two driving motors, neither output shafts of the two reducers are on a plane that is perpendicular to a connection line of centers of the two driving motors and at a contact position between the two driving motors. In other words, the two output shafts are disposed on one side of the entire powertrain, so that the powertrain can be disposed on a mainstream vehicle, and adaptability of the powertrain is improved.