Vehicle electrification has introduced new powertrain possibilities, such as the use of four independent in-wheel motors, enabling the development of control strategies that enhance vehicle safety and drivability. The development of a model capable of simulating vehicle behavior is fundamental for control system design. A high-fidelity model takes into account several parameters, such as vehicle ride height, track width, wheelbase, and others, making it possible to evaluate the vehicle’s behavior and allowing for prior validation of the design, thus contributing to improved vehicle safety and performance. In this context, this study presents a lateral dynamic model of a Formula 4WD vehicle with in-wheel motors, enabling the simulation and analysis of the vehicle’s behavior in cornering maneuvers. To achieve this, the complete lateral model is developed using MATLAB Simulink as the platform, incorporating the semi-empirical Hans Pacejka tire model, calculating yaw moment, and analyzing forces to accurately describe the vehicle’s dynamics.