A series of alkali metals and cerium-modified La− Co-based perovskite catalysts were successfully prepared by a simple method using glucose as a complexing agent. The physicochemical properties of catalysts were analyzed by X-ray diffraction (XRD), scanning electron microscopy (SEM), transmission electron microscopy (TEM), N 2 adsorption, H 2 -temperature-programmed reduction (TPR), O 2 -temperature-programmed desorption (TPD), soot-TPR, NO-temperature-programmed oxidation (TPO), X-ray photoelectron spectroscopy (XPS), etc. Among the catalysts, La 0.9 Ce 0.05 K 0.05 CoO 3 possesses the highest catalytic activity for soot combustion, with T 10 , T 50 , and T 90 values of 269, 309, and 342 °C, respectively. In the presence of 10% H 2 O, T 90 is significantly reduced to 327 °C. As far as we know, the catalytic performance of the La 0.9 Ce 0.05 K 0.05 CoO 3 perovskite oxide catalyst is one of the best results in current reports for soot combustion, especially for T 50 and T 90 . The substitution of A sites by K and Ce ions produces numerous active sites of Co 2+ −O v on the surface of the La 0.9 Ce 0.05 K 0.05 CoO 3 catalyst and enhances the oxygen storage capacity by redox recycling between Ce 4+ and Ce 3+ . The La 0.9 Ce 0.05 K 0.05 CoO 3 catalyst also possesses a stronger ability of NO adsorption, storage, and NO-to-NO 2 oxidation compared to other prepared catalysts. Based on the results of in situ diffuse reflectance infrared Fourier transform spectroscopy (DRIFTS) and density functional theory (DFT) calculations, Langmuir− Hinshelwood (L−H) and Mars−van-Krevele (MVK) mechanisms were proposed as the main reaction mechanisms for soot combustion. More importantly, the La 0.9 Ce 0.05 K 0.05 CoO 3 catalyst exhibits good resistance ability for sulfur and water. These results provide a promising strategy for designing and preparing highly efficient and low-cost catalysts for the practical application of soot particle removal.