The performance of Pd electrocatalysts for formic acid electrooxidation was improved by application of metal oxide-multiwall carbon nanotubes composites as a catalyst support. Hybrid oxides/MWCNTs were synthesized by two different methods: chemical reduction method and impregnation method. Pd based catalysts were synthesized by polyol method on the MWCNTs or oxide/MWCNTs composites. The In 2 O 3 was deposited on MWCNTs by impregnation method (In 2 O 3 /MWCNTs-IM support) and in the presence of NaBH 4 (In 2 O 3 /MWCNTs-NaBH 4 support). The physical properties of the Pd/In 2 O 3 /MWCNTs-IM, Pd/In 2 O 3 /MWCNTs-NaBH 4 , Pd/SnO 2 /MWCNTs, and Pd/MWCNTs catalysts were characterized and their electrocatalytical performance in formic acid oxidation was compared. During Pd deposition on In 2 O 3 /MWCNTs-NaBH 4 support, InPd 2 structure was formed as observed by XRD. The electrochemical tests indicate that the two Pd/ In 2 O 3 /MWCNTs electrocatalysts have higher electrocatalytic activity than those of Pd/SnO 2 /MWCNTs and Pd/MWCNTs. The best performance was observed for the catalyst obtained by In 2 O 3 impregnation of MWCNTs denoted by Pd/In 2 O 3 /MWCNTs-IM.