An electric walk-substituting vehicle includes a chassis, a seat assembly pivoted on upper ends of the connecting rods, a pivotal steering mechanism, and a folding and fixing device, which will fix the connecting rods after the seat assembly is moved to either of raised in-use and lowered not-in-use positions; the seat assembly includes connecting rods pivoted on the chassis; the folding and fixing device includes two position-limiting plates, which are secured on the connecting rods to pivot together with the connecting rods; the position-limiting plates each have first and second holes; the folding and fixing device includes a pressing and moving mechanism with two insertion rods; the insertion rods will pass into the first holes to engage the position-limiting plates after the connecting rods are pivoted to the raised in-use position; the insertion rods will pass into the second holes after the connecting rods are pivoted to the not-in-use position.
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