PVA/PVP (80/20 wt%) films containing various concentrations of V2O5 NPs (0, 1, 2, and 3 wt%) were prepared. This study explores the effect of varying concentrations of V2O5 NPs on the structural, optical, and optoelectrical properties of biodegradable PVA/PVP blends. The V2O5 NPs have a crystallite size value of 37.5 nm, and the crystallite size of PVA/PVP/V2O5 films increases with the increase in V2O5 NPs concentrations. FTIR spectra investigated the functional groups of PVA/PVP/V2O5 films. The direct band gap for the PVA/PVP blend (80/20 wt%) was 3.4 eV and decreased to 2.48 eV for the PVA/PVP blend doped with 3 wt% of V2O5 NPs. At the same time, the indirect band gap value for pure PVA/PVP blend was 3.06 eV and decreased to 2.16 eV for PVA/PVP blend doped with 3 wt% of V2O5 NPs. The PVP/PVA film has an Eu value of 0.85 eV, and the Eu values rise gradually from 0.85 to 3.65 eV as the V2O5 NPs content in the PVP/PVA matrix boosts from 0 to 3 wt%. Furthermore, the refractive index and extinction coefficient variation for the PVA/PVP/V2O5 nanocomposites as a function of V2O5 NPs content was addressed. Additionally, the impact of V2O5 NPs contents on the dispersive and oscillator energies was displayed. The results revealed that doping with V2O5 NPs increases the number of free carriers from 2.38 × 10¹⁹ cm⁻³ to 7.48 × 10²⁰ cm⁻³. Meanwhile, the optoelectrical parameters such as plasma frequency (ωp), relaxation time (τ), and optical mobility were computed. The optical and opto-electrical characteristics suggest that the PVA/PVP/V2O5 films suit optoelectronic devices and optical switching applications.