Willie Brickhouse, 61, was arrested and charged following the Thursday night crash.
Police were called to the 300 block of Broadway at 10:26 p.m. for a report of a hit-and-run.
There, they found the two victims - a 21-year-old man and an 18-year-old woman.
Both suffered serious injuries were rushed to the hospital.
Police say they were able to track Brickhouse's SUV to the 700 block of Dakotah Street, and allegedly found it with substantial front-end damage.
Brickhouse is being held on $10,000 bail.
Anyone who witnessed the crash or has any information is asked to call Bethlehem Police Officer David Horvath at 610-865-7187.