The present disclosure discloses an electric winch which comprises a motor having a motor housing, a first terminal, a second terminal and a third terminal, and an insulating cover plate having a mounting hole, a first inner bore column and a second inner bore column. A first through hole, a second through hole and a third through hole are provided on an outer edge of the motor housing. The embodiment allows pre-mounting of the terminals on the insulating cover plate before they are fixed to the motor housing and provides higher efficiency in the assembly process.