In order to study the multi-field coupling mechanical behavior of the simply-supported conductive rectangular thin plate under the condition of an externally lateral strong impulsive magnetic field, that is the dynamic buckling phenomenon of the thin plates in the effect of the magnetic volume forces produced by the interaction between the eddy current and the magnetic fields, a FEM analysis program is developed to characterize the phenomena of magnetoelastic buckling and instability of the plates. The critical values of magnetic field for the three different initial vibrating modes are obtained, with a detailed discussion made on the effects of the lengththickness ratio a/h of the plate and the length-width ratio a/b as well as the impulse parameter τ on the critical value Bocr of the applied magnetic field.