This paper introduces xEV Simulator- A MATLAB based simulator platform capable of analyzing EV/HEV powertrain system in both backward and forward modelling. xEV Simulator employs Forward Simulation for drive-cycle performance evaluations and Backward simulation for powertrain component sizing and support xEV powertrain design. The powertrain subsystems are modelled in Simulink. This enables the model based system simulation and further controller prototyping and HiL testing. xEV Offline Simulator GUI enables user to simulate standard EV/HEV configurations with standard drive-cycles. The model parameters of different component subsystems can be configured. The Backward modelling and simulation support the estimation of subsystem values like Propulsion motor, Energy storage, etc., to perform as per the drive-cycle requirement.