Plasticized lithium-ion-based-conducting polymer blend electrolytes based on poly(vinyl alcohol) (PVA):chitosan (CS) polymer was prepared using a solution cast technique. The conductivity of the polymer electrolyte system was found to be 8.457 × 10−4 S/cm, a critical factor for electrochemical device applications. It is indicated that the number density (n), diffusion coefficient (D), and mobility (μ) of ions are increased with the concentration of glycerol. High values of dielectric constant and dielectric loss were observed at low frequency region. A correlation was found between the dielectric constant and DC conductivity. The achieved transference number of ions (tion) and electrons (te) for the highest conducting plasticized sample were determined to be 0.989 and 0.011, respectively. The electrochemical stability for the highest conducting sample was 1.94 V, indicated by linear sweep voltammetry (LSV). The cyclic voltammetry (CV) response displayed no redox reaction peaks through its entire potential range. Through the constructing electric double-layer capacitor, the energy storage capacity of the highest conducting sample was investigated. All decisive parameters of the EDLC were determined. At the first cycle, the specific capacitance, internal resistance, energy density, and power density were found to be 130 F/g, 80 Ω, 14.5 Wh/kg, and 1100 W/kg, respectively.