Abstract Given the pronounced dissolution of electrocatalysts in acidic environments, the quest for effective oxygen evolution reaction (OER) electrocatalysts suitable for proton exchange membrane (PEM) water electrolyzers persists as a formidable challenge. In this investigation, catalysts are synthesized by creating oxygen vacancies within various metal oxides (Nb 2 O 5‐x , Ta 2 O 5‐x , ZrO 2‐x , TiO 2‐x ) through plasma‐assisted method, thereby facilitating the immobilization of IrO 2 onto these defect‐rich surfaces. The findings unveil that IrO 2 /Nb 2 O 5‐x manifests reduced overpotentials during acidic OER, achieving an overpotential down to 225 mV@10 mA cm −2 , coupled with outstanding durability at multicurrent densities exceeding 200 h, attributed to strong oxide‐support interaction (SOSI) between the IrO 2 catalyst and Nb 2 O 5‐x substrate. Density functional theory (DFT) computations uncover intensified binding affinities between IrO 2 and Nb 2 O 5‐x , thus modulating the central energy levels of Ir's d orbitals toward favorable OER conditions, consequently bolstering the electrocatalytic activity and stability of the composite catalyst. Furthermore, employing IrO 2 /Nb 2 O 5‐x as a PEM electrolyzer anode enables consistent operation at 1000 mA cm −2 for 200 h, with an Ir content of only 0.2852 mg cm −2 and an energy consumption of 4.34 kWh Nm −3 H 2 . This achievement substantially lowers the cost of hydrogen production to US$ 0.96 per kilogram, underscoring its potential for practical applications.