The invention discloses a multifunctional steering wheel mechanism for an electric automobile. The multifunctional steering wheel mechanism comprises a steering wheel, the steering wheel is fixedly connected with a steering wheel column, an outer wall of the steering wheel column is fixed with an inner ring of a bearing, the bearing is arranged in a sleeve and is axially slidably matched inside the sleeve, an outer ring of the bearing forms a connecting lug, and the connecting lug extends out of the sleeve through a guide groove axially arranged on the sleeve. The outer end of the connecting lug is hinged to one end of a rocking rod through a first connecting pin, the other end of the rocking rod is hinged to one end of a crank through a second connecting pin, the other end of the crank is assembled on an automobile body in a swinging mode through a pin, teeth are formed at the end of the crank and are meshed with a worm, and the worm is driven by a stepping motor. When an automobile is shut down or drivers start the automobile, a telescopic function of the steering wheel is achieved through an electric control switch, and the drivers of any body type can freely enter a cab and can adjust the position of the steering wheel according to their requirements.