The development of hybrid technology can effectively solve the problems of the high pollution and energy consumption levels of automobiles. Therefore, an energy consumption prediction and control algorithm for hybrid vehicles based on a minimum equivalent fuel consumption model is proposed. The model’s battery power consumption is equivalent to the fuel consumption, and the sum of the engine fuel consumption and the battery equivalent fuel consumption is established as the objective function. By utilizing these factors, an innovative minimum equivalent fuel consumption model was constructed that could be used to measure the energy efficiency of hybrid vehicles. The longitudinal force result of braking force distribution control was obtained, as well as the energy consumption prediction structure of a hybrid electric vehicle. The rolling resistance, air resistance, and climbing resistance of the hybrid electric vehicles were calculated, and the energy consumption control algorithm for hybrid electric vehicles was constructed according to the calculation results. The experimental results indicated that under this research algorithm, the driving energy consumption of hybrid electric vehicles was relatively low and the energy consumption and energy efficiency measurements effectively met the actual demand, and the energy consumption prediction and control results were good.