The choice of mechanical and electrical topologies can affect piezoelectric energy harvesting efficiency, but the problem of achieving high-efficiency energy conversion in energy harvesters stacked as cantilevers has not been perfectly solved. This study focuses on the topology of piezoelectric elements in a stacked vehicle suspension vibration energy harvesting device. Through theoretical analysis, the stress expressions of the excited and driven elements are derived. The stress of the piezoelectric elements is affected by the positions of the connection and excitation points. A stress model was established for a four-piece piezoelectric element connected by a thin light rod in ANASYS. The simulation results show that the average stress in the piezoelectric bending element model is maximum when the excitation and connection points are located at both ends of the free end. Compared with the middle position of the free end of the piezoelectric element, the average stress of the model is increased by 92.904%. Considering the difference in voltage generated by piezoelectric elements, four kinds of electrical topology are designed and analyzed experimentally. When the driven elements are connected in parallel and then connected in series with the excited element, the output power varied the least with the change of load resistance. The system produces a high power and offers a wide selection of load resistors. When the load is 26 kΩ, a single set of four piezoelectric elements produces 86.407 mW of output power.