The sluggish kinetics of the oxygen evolution reaction (OER) is a grand challenge for energy storage technologies. Several perovskites and other oxides of earth‐abundant elements are found to exhibit improved catalytic OER activity. However, less attention is paid to the electrochemical stability, an important factor for large‐scale application. The ongoing search for stable catalysts calls for characterizing active catalyst surfaces and identifying mechanisms of deactivation, activation, or repair. In situ techniques are indispensable for these tasks. This study uses environmental transmission electron microscopy on the highly correlated perovskite Pr1–xCaxMnO3 and the Ruddlesden–Popper Pr0.5Ca1.5MnO4 as model electrodes to elucidate the underlying mechanisms of the stability trends identified on rotating ring disk electrodes. An electron beam at fluxes well below those that would cause radiation damage is used to induce positive local electrode potentials due to secondary electron emission, driving electrochemical reactions in H2O vapor. The stability of the model systems increases with increasing ionic character of the MnO bond, while more covalent bonds are prone to corrosion, which is triggered by formation of point defects in the oxygen sublattice.