Abstract Halide anion adsorption on transition metals can improve the performance of electrochemical CO 2 reduction reaction (CO 2 RR), while the specific reaction mechanisms governing selective CO 2 RR pathways remain unclear. In this study, we reveal for the first time the distinct pathway switching between gaseous (CO) and liquid products (formate and ethanol) on the well‐defined Ag−Cu nanostructures with controlled chlorination. We show that CO 2 conversion to CO on Ag/AgCl can be tuned by adjusting the thickness of AgCl layer, achieving a high selectivity over a broad potential range in a 0.5 M KHCO 3 using flow cell. In contrast, the optimized Cl−Ag/Cu system enables the conversion of CO 2 into liquid products including formate and ethanol with a total Faradaic efficiency (FE) nearing 100 %, delivering high current densities of 136.3 and 20.8 mA cm −2 at −1.3 V, respectively. In situ infrared experiments and theoretical calculations indicate that the lateral adsorbate of *OCHO intermediate facilitates the thermodynamics of both the CO pathway on Cl−Ag(111) and the formate pathway on Cl−Ag/Cu(111) by reducing Gibbs free energy barriers of each potential‐limit step. This work uncovers the role of chlorination in the tuning of C‐bound or O‐bound intermediates during CO 2 RR on Ag−Cu catalysts, determining the reaction pathway under lateral adsorbate effects.