The work aims to prepare a new type of graphene based conductive anti-corrosive coating and evaluate and analyze the long-term anti-corrosive mechanism and conductive mechanism of this coating. A new type of graphene conductive an-ti-corrosive coating was prepared with epoxy resin as the main substance to form the film by matching and formulating conductive fillers and anti-corrosive fillers. The anti-corrosive mechanism and failure process of conductive anti-corrosive coating were investigated by testing of basic properties of coating, electrochemical workstation test system, neutral salt spray test, test of buried samples in actual soil and high current impulse test and the electrical performance of the coating was also studied. The prepared coating had excellent anti-corrosive performance (adhesion, impact resistance, adhesive strength), excellent water resistance, neutral salt spray resistance and chemical resistance. The coating surface was still intact and had the good wet adhesion after the 1500 hours salt spray experiment. From the electrochemical system test, the coating/Q235 carbon steel still exhibited good protective performance after immersed in 3.5wt% NaCl solution for 60 days. The volume resistivity and surface contact resistivity of the coatings were 0.21 Ω×cm and 6.32 Ω×cm2 respectively. There was no cracking，peeling or burning of the coating after it was subjected to a 5 kA high-current impulse test for 5 times. There was no significant effect on the conductive anti-corrosive coating after several impacts by high current. The conductive anti-corrosive coating designed by this formula shows good anticorrosion performance and electrical properties.