In this study, transient elastic waves propagating in a two-layered piezoelectric medium subjected to dynamic mechanical and electrical point loading in the upper layer are investigated. This structure is a two-layered composite laminate constituted by two layers of different thickness of piezoelectric materials. The one-sided and the two-sided Laplace transforms is applied to obtain the shear stresses and the electric displacements in the Laplace transform domain. And then, the Durbin’s method for the one-sided Laplace transform inversion and the extended Durbin’s method for the two-sided Laplace transform inversion are used to carry out the numerical inversion. Finally, the numerical results for different field points, different ratios of thickness, and different loading types are evaluated and discussed in detail.