Activated carbon can adsorb SO2 in flue gas, whose performance is significantly enhanced when lowering the adsorption temperature; however, the characteristics and mechanism of SO2 adsorption under the action of complex flue gas components at low temperatures remain unclear. In this study, adsorption experiments were conducted to investigate the characteristics of SO2 adsorption on activated carbon and the impact of O2, H2O, and NO within −20 to 20 °C. The saturated adsorption of SO2 showed a 2.21-fold increase when the temperature was lowered from 20 °C to −20 °C. Within this temperature range, physical adsorption was dominant, accounting for 73.7–91.0 %. O2 and H2O inhibited the physical adsorption of SO2 and promoted its chemical adsorption. As the temperature was lowered, the promoting effect of O2 increased, while the influence of H2O shifted from promotion to inhibition. NO affects SO2 adsorption only when co-existing with O2. As the temperature decreased, the promoting effect of NO on both physical and chemical adsorption strengthened and was significantly higher than that of O2 and H2O. Based on desorption experiments and quantum chemical calculations, the mechanisms by which H2O and NO affect SO2 adsorption were proposed·H2O and SO2 share the same physical adsorption sites, with H2O being more strongly adsorbed, thus significantly inhibiting the SO2 physical adsorption. When NO coexists with O2, gaseous SO2 reacts with the NOx adsorption configurations to form C-SO3 and C-HSO3. Active atoms near C-SO3 and C-HSO3 can adsorb NO2, forming a co-adsorption configuration, which in turn enhances the nearby physical adsorption of SO2. Enhancing the catalytic oxidation and adsorption of NO through surface modification of activated carbon can improve the low-temperature adsorption performance of SO2.