In the present study, we reported the successful synthesis of a ternary nano hybrid polymer composite system obtained by solution casting. Composing carbon nanotubes (CNTs) and molybdenum disulfide (MoS2) in ethylene vinyl acetate (EVA) derived ECM ternary electrode. It demonstrated an excellent electrochemical sensor performance and a more efficient supercapacitor. Chemical structure of hybrid electrode Fourier transform Infrared Spectroscopy (FTIR) illustrated the CS and CN stretching with MoS2 and CNT new bands (at 1368 and 1032 cm−1). FE‐SEM and Atomic force microscopy (AFM) 3D topographic image identified the decreased rough morphology of the hybrid electrode. Whereas contact angle measurements revealed the enhanced wettability of electrode system. Microporous nature of the hybrid electrode was observed through SEM investigation. Transmission electron microscopy (TEM) revealed the nano hybrid entity in a hybrid electrode system. XRD and TEM investigation confirmed semicrystalline phase of the hybrid electrode system due to the presence of MoS2. D band, G bands, E12g and A1g vibrational modes in Raman spectroscopy revealed the occupied hybrid filler CNTs and MoS2. An electroactive site for the Cd2+ ion sensor was confirmed by the ECM/PGE hybrid electrode. It comply the desirable sensor qualities, such as excellent selectivity, reproducibility and repeatability with a high accuracy and lower detection limit of 15 nM. Additionally, the ECM/PGE electrode demonstrated a capacitive nature with an aerial capacitance of 73 μF/cm2 at an applied current density of 3 μA/cm2. Furthermore, it exhibited a power density of 44 mW/cm2 and an energy density of 148 μWh/cm2 over a wide potential range of 1 V.