Polyoxometalates (POMs) are inorganic nanoclusters that consist of oxygen and transition metals. These nanoclusters serve as excellent precursors for creating electrode materials that contain transition metals. Additionally, the interaction between POMs and carbon substrates produces positive synergistic effects. There has been considerable attention on employing POMs and carbon nanostructures (for example carbon nanotubes, graphene, and mesoporous carbon) in composite materials for diverse purposes including catalysis, transformation, storage of energy, molecular detection, and electrical detection. By combining the reactive nature of POMs with the exceptional electrical properties of carbon nanostructures, highly desirable composite features can be achieved. This review delves into the extensive use of POM/nanocarbon materials for constructing rechargeable lithium-ion batteries, providing an in-depth analysis of the characteristics of POMs and the techniques employed for binding carbon.