Due to increasing concerns on environmental pollution and depleting fossil fuels, fuel cell (FC) vehicle technology has received considerable attention as an alternative to the conventional vehicular systems. However, a FC system combined with an energy storage system (ESS) can display a preferable performance for vehicle propulsion. As the additional ESS can fulfill the transient power demand fluctuations, the fuel cell can be downsized to fit the average power demand without facing peak loads. Besides, braking energy can be recovered by the ESS. This study focuses on a vehicular system powered by a fuel cell and equipped with two secondary energy storage devices: battery and ultra-capacitor (UC). However, an advanced energy management strategy is quite necessary to split the power demand of a vehicle in a suitable way for the on-board power sources in order to maximize the performance while promoting the fuel economy and endurance of hybrid system components. In this study, a wavelet and fuzzy logic based energy management strategy is proposed for the developed hybrid vehicular system. Wavelet transform has great capability for analyzing signals consisting of instantaneous changes like a hybrid electric vehicle (HEV) power demand. Besides, fuzzy logic has a quite suitable structure for the control of hybrid systems. The mathematical and electrical models of the hybrid vehicular system are developed in detail and simulated using MATLAB®, Simulink® and SimPowerSystems® environments.