In the permanent magnet synchronous motor (PMSM) drive system, the unwilling and ear-piercing vibro-acoustics caused by high-frequency sideband harmonics becomes unacceptable in the electric vehicle application. In this paper, a modified space vector pulse-width modulation (SVPWM) technique implemented with hybrid carrier frequency modulation (HCFM) is provided to reduce the sideband current harmonic components and vibro-acoustic responses. The principle and implementation of the proposed HCFM technique are firstly presented, in which the fixed carrier frequency is improved with the sawtooth and random signal-based coupling modulation based on the rotor position. For verification, the experiment tests are carried out on a prototype 12/10 PMSM and microcontroller unit. The effectiveness of the HCFM technique can hence be confirmed, in which the sideband vibro-acoustics reduction shows more effectively than that in conventional random PWM. The proposed approach may provide a new route in noise-cancelling and electromagnetic compatibility for the electric drive powertrain.