The present invention provides an accessory drive system for a parallel electric hybrid vehicle. The apparatus includes an engine and a motor/generator independently connectable to a transmission. At least one torque-transmitting device selectably connects an engine and a motor/generator with a transmission. A drive pulley is connected to an output shaft of the engine. A plurality of driven pulleys are each connected to an accessory. A drive belt connectively couples the drive pulley and the plurality of driven pulleys, and is operable to transfer drive forces between the drive pulley and the plurality of driven pulleys. A controller is operatively connected to the torque-transmitting device, the engine and the motor/generator, and is configured to control the torque-transmitting device, the engine and the motor/generator to ensure the plurality of accessories are adequately powered.