A folding fan type electronic shift lever may include a plurality of gear shift units disposed on a console surface of a vehicle, a console fixing pin penetrating a hole formed at a side of each of the plurality of gear shift units, an operating unit connected to one or more gear shift units of the plurality of gear shift units, and operated to allow the plurality of gear shift units to be rotated about the console fixing pin, and a control unit disposed on a lower portion of the console surface of the vehicle, receiving operational signals sent from the plurality of gear shift units through the console fixing pin, and transmitting the operational signals to a transmission control unit (TCU) of the vehicle.