The conversion of CO 2 into valuable solar fuels via photocatalysis is a promising strategy for addressing energy shortages and environmental crises. Here, novel In 2O 3@Co 2VO 4 hierarchical heterostructures are fabricated by in situ growing Co 2VO 4 nanorods onto In 2O 3 nanofibers. First‐principle calculations and X‐ray photoelectron spectroscopy (XPS) measurements reveal the electron transfer between In 2O 3 and Co 2VO 4 driven by the difference in work functions, thus creating an interfacial electric field and bending the bands at the interfaces. In this case, the photogenerated electrons in In 2O 3 transport to Co 2VO 4 and recombine with its holes, indicating the formation of In 2O 3@Co 2VO 4 S‐scheme heterojunctions and resulting in effective separation of charge carriers, as confirmed by in situ irradiation XPS. The unique S‐scheme mechanism, along with the enhanced optical absorption and the lower Gibbs free energy change for the production of *CHO, significantly contributes to the efficient CO 2 photoreduction into CO and CH 4 in the absence of any molecule cocatalyst or scavenger. Density functional theory simulation and in situ diffuse reflectance infrared Fourier transform spectroscopy are employed to elucidate the reaction mechanism in detail.
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