In order to study the dynamic behaviour of a vehicle passing through turnouts under traction and braking conditions, as well as its influence on the wear of turnout rails, a high-speed vehicle-turnout rigid-flexible coupling dynamic model is established based on the coupling dynamic theory of vehicle and turnout, using China’s No. 18 high-speed turnout and CRH380 high-speed EMU as prototypes. The model is used to analyse wheel-rail creep characteristics, wheel-rail contact mechanics, and wheel-rail wear under traction and braking conditions. The results indicate that when a high-speed train passes through a turnout under traction or braking conditions, the longitudinal creepage of the wheel-rail will change due to the rotative speed difference generated by traction or braking. Furthermore, due to the existence of the lead curve, the longitudinal creep rate of the wheel-rail becomes even more complex when passing through the turnout in the diverging route. The calculations reveal that the traction behaviour of the train leads to a significant increase in wear at the front of the switch rail and nose rail, while the wear number of the switch rail in the heel of the frog after 6m increases significantly under braking conditions. The different impact characteristics of vehicle traction and braking conditions on turnout rail wear obtained in this study can provide guidance for optimizing and grinding the profiles of turnout rails at the throat of railway stations.