Electrochromic devices (ECDs) possess the performance advantages in terms of color adjustability, low power consumption, and visual friendliness, emerging as one of the ideal candidates for energy‐efficient smart windows, next‐generation displays, and wearable electronics. The optical and electrical characteristics of ECDs could be adjusted by modifying the materials or structure of devices. This review summarizes the recent developments of innovative technologies and key materials of ECDs for display applications, highlighting the key issues and the development trends in this area.