To improve the energy recovery ability of the energy-regenerative suspension, a transmission is generally used to increase the motor speed, but this results in a significant increase in the equivalent inertial mass of the suspension. The research on energy-regenerative suspension has been ongoing for more than 20 years, but there have been few product applications, mainly due to the failure to solve the problem of the deterioration of suspension performance caused by equivalent inertial mass. This paper proposes a new suspension configuration with the suspension shock absorber connected to a high-frequency vibration reduction structure and establishes a vibration transmission model. Through frequency domain analysis, it has been conclusively proven that the new-configuration can significantly reduce both the sprung mass acceleration and relative dynamic load of the energy regenerative suspension. On the basis of frequency domain analysis, a scheme based on PWM control of the dissipation resistance value of the energy regenerative suspension is proposed, and through bench comparison experiments, it has been verified that the new-configuration suspension can eliminate the oscillation of the damping force curve of the shock absorber and significantly improve the suspension performance. Further experiments show that using the skyhook semi-active control algorithm the new-configuration suspension can further reduce the sprung mass acceleration and relative dynamic load.