A system for identifying an event for a vehicle is disclosed. The system includes: a video source; a receiving circuit, coupled to the video source, for receiving at least a target image from the video source positioned on the vehicle; and a determining circuit, coupled to the receiving circuit, for determining if the event occurs according to the target image. A related method includes: receiving at least a target image from a video source positioned on the vehicle; and determining if the event occurs according to the target image.