Abstract Traditional photoelectrochemical (PEC) systems struggle to simultaneously achieve high efficiency, high stability, and low cost. Replacing water oxidation with oxidation of organic molecules emerges as an attractive strategy to enhance the hydrogen production efficiency of PEC systems while generating value‐added anodic products. Here, a PEC system utilizing a Mo, N co‐doped BiVO 4 photoanode and NaClO 4 electrolyte for the glycerol oxidation reaction to approaching the theoretical limit of current doubling that enables a two‐electron reaction to be driven by a single photon, is reported. While nitrogen doping optimizes the bulk charge separation/transport performance of Mo‐doped BiVO 4 photoanodes, NaClO 4 as the supporting electrolyte further enhances the reaction kinetics and surface charge extraction efficiency. The optimized system reaches a record photocurrent density of 9.73 mA cm −2 at 1.23 V versus RHE and a maximum internal quantum efficiency of 182%. It predominantly produces C‐C cleavage products, including glycolaldehyde and formaldehyde, and can maintain stable performance for over 500 h. DFT calculations reveal that glycerol can undergo adjacent hydroxyl bidentate chelation adsorption on the BiVO 4 surface. This system is applicable for the current doubling reaction of various polyhydroxy alcohols, providing a potential pathway for efficient valorization of platform molecules and effective recycling of waste plastics.