Although water splitting is a promising method to produce clean hydrogen energy, it requires efficient and low-cost catalysts for the oxygen evolution reaction (OER). This study focused on plasma treatment’s significance of surface oxygen vacancies in improving OER electrocatalytic activity. For this, we directly grew hollow NiCoPBA nanocages using a Prussian blue analogue (PBA) on nickel foam (NF). The material was treated with N plasma, followed by a thermal reduction process for inducing oxygen vacancies and N doping on the structure of NiCoPBA. These oxygen defects were found to play an essential role as a catalyst center for the OER in enhancing the charge transfer efficiency of NiCoPBA. The N-doped hollow NiCoPBA/NF showed excellent OER performance in an alkaline medium, with a low overpotential of 289 mV at 10 mA cm−2and a high stability for 24 h. The catalyst also outperformed a commercial RuO2(350 mV). We believe that using plasma-induced oxygen vacancies with simultaneous N doping will provide a novel insight into the design of low-priced NiCoPBA electrocatalysts.