A significant issue that bedeviled the commercialization of renewable energy technologies, ranging from low‐temperature water electrolyzers to high‐temperature solid oxide cells, is the lack of high‐performance catalysts. Among various candidates that could tackle such a challenge, perovskite oxides are rising‐star materials because of their unique structural and compositional flexibility. However, single‐phase perovskite oxides are challenging to satisfy all the requirements of electrocatalysts concurrently for practical applications, such as high catalytic activity, excellent stability, good ionic and electronic conductivities, and superior chemical/thermo‐mechanical robustness. Impressively, perovskite oxides with coupled nanocomposites are emerging as a novel form offering multifunctionality due to their intrinsic features, including infinite interfaces with solid interaction, tunable compositions, flexible configurations, and maximum synergistic effects between assorted components. Considering this new configuration has attracted great attention owing to its promising performances in various energy‐related applications, this review timely summarizes the leading‐edge development of perovskite oxide‐based coupled nanocomposites. Their state‐of‐art synthetic strategies are surveyed and highlighted, their unique structural advantages are highlighted and illustrated through the typical oxygen reduction reaction and oxygen evolution reactions in both high and low‐temperature applications. Opinions on the current critical scientific issues and opportunities in this burgeoning research field are all provided.