Degrading volatile organic compounds at low temperatures and active sites aggregation are still challenging. In this study, a novel mesoporous zeolite silicalite-1 (S-1-meso) enveloped Pt–Ni bimetallic catalysts (noted as Pt1Ni1@S-1-meso) were synthesized via a facile in situ mesoporous template-free method. The Pt–Ni bimetallic nanoparticles were uniformly distributed and displayed a large specific surface area and enriched mesopores to facilitate the deep oxidation of toluene. The presence of the Pt–NiO interface both increased the dispersion of the catalyst and improved its catalytic performance, thereby reducing the consumption of Pt. The Mars-van Krevelen mechanism and density function theory (DFT) calculations revealed that the Pt–NiO interface effect changed the electronic structure of Pt and Ni species, reduced the activation potential for oxygen, formed reactive oxygen species, and facilitated the adsorption and activation of reactants in the direction favorable to the toluene oxidation. This study provides a guideline for minimizing the proportion of precious metals used in practical applications and a promising method for toluene elimination at low temperatures.