In this paper, component sizing and analysis of the novel plug-in hybrid electric vehicle powertrain configuration is conducted. Newly proposed powertrain configuration in prior study has an internal combustion engine and two electric motors. To optimize component size of the vehicle system and reduction gear ratio, component sizing methodology is proposed and conducted. Required power for vehicle’s dynamic performance is calculated to decide minimum power requirement of powertrain component combination. Component size of engine and electric motor are optimized using vehicle simulation to maximize fuel economy performance. Optimized powertrain configuration and vehicle simulation results present validation of newly proposed vehicle system.