In this study, we compare the aging behaviors of cross‐linked ethylene/vinyl acetate/vinyl alcohol terpolymers, also referred to as EVA‐OH, when they are either immersed in nitroplasticizer (NP) liquid or exposed to NP vapor at different temperatures. While thermogravimetric analysis and differential scanning calorimetry are used to probe the thermal stability of aged NP and polymers, Fourier transform infrared, gel permeation chromatography, ultra‐violet/vis, and nuclear magnetic resonance are used to probe their structural changes over the aging process. The study confirms that NP degrades through CN cleavage, and releases HONO molecules at a slightly elevated temperature (<75°C). As these molecules accumulate in the vapor phase, they react among themselves to create an acidic environment. Therefore, these chemical constituents in the NP vapor significantly accelerate the hydrolysis of EVA‐OH polymer. When the hydrolysis occurs in both vinyl acetate and urethane groups and the scission at the cross‐linker progresses, EVA‐OH becomes vulnerable to further degradation in the NP vapor environment. Through the comprehensive characterization, the possible degradation mechanisms of the terpolymers are proposed. © 2014 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2015, 132, 41450.