In this article, we present the investigation of the use of a partly biobased hybrid reinforcement system to improve the mechanical properties of polycarbonate (PC). To minimize the amount of recycled carbon fibers (rCFs) used in this study, their initial quantity of 20% was reduced and replaced by pyrolyzed biocarbon (BC) particles in amounts of 5%, 10%, 15%, and 20%. The materials were prepared during an extrusion‐/injection‐molding processing procedure. In addition to basic mechanical tests (tensile, flexural, and Izod tests), the samples were also subjected to detailed dynamic mechanical analysis to determine the thermomechanical relationships, such as the C factor, entanglement density, adhesion factor, and reinforcing efficiency. The results confirm the positive effect of hybridization, especially for the samples with low BC contents. In relation to the 20% pure BC composites, the hybrid samples containing the same amount of mixed filler (10%; rCF10–BC10) achieved an almost triple (270%) increase in the tensile strength and a 35% increase in the modulus. The impact resistance was also increased by 170%. Differential scanning calorimetry analysis showed significant changes in the glass‐transition temperatures for the BC‐rich samples; this was due to the sensitivity of the PC matrix to the processing degradation. The application of a small quantity of epoxy‐based chain extender proved to be effective in reducing this unfavorable phenomenon. © 2018 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2018, 135, 46449.