In this paper, performance of a dry CVT vehicle with torque cam is investigated. Based on belt transmission mechanism and torque cam actuator characteristics, an algorithm which is able to calculate the speed ratio from given thrust and load torque is suggested and a 3-D map is constructed for the speed ratio-thrust-torque. Using the 3-D map, a steady state characteristic of torque cam and a transient response of a dry CVT vehicle are investigated by simulation. It is found that initial spring compression plays a key role in determining the sliding criteria and the speed ratio velocity.