A power system switching between a charge-discharge function and a driving function and an electric vehicle including the same are provided. The power system includes a power battery; a charge-discharge socket; a bidirectional DC/DC module; a driving control switch connected with the power battery and the bidirectional DC/DC module; a bidirectional DC/AC module connected with the driving control switch and the power battery; a motor control switch connected with the bidirectional DC/AC module and a motor; a charge-discharge control module connected with the bidirectional DC/AC module and the charge-discharge socket; and a controller module configured to establish a path between the power battery and the motor when a current operation mode of the power system is a driving mode, and to establish a path between the charge-discharge socket and the power battery when the current operation mode of the power system is a charge-discharge mode.