This study presents theoretical insight into the mechanism of the CO2 reduction reaction (CO2RR) to formic acid (HCOOH) on Bi (012) surfaces in the presence of alkali metal cations (M+: Cs+, K+, and Li+) and/or halide anions (X−: Cl−, Br−, and I−) using density functional theory (DFT). The adsorption energy (Eads) and work function (Wf) of the anions increases with decreasing anion size (i.e., Cl− > Br− > I−). On the other hand, the larger the cation size is, the higher is the Eads (i.e., Li+