Aqueous zinc-ion hybrid capacitors (ZIHCs) have emerged as a promising technology, showing superior energy and power densities, as well as enhanced safety, inexpensive and eco-friendly features. Although ZIHCs possess the advantages of both batteries and supercapacitors, their energy density is still unsatisfactory. Therefore, it is extremely crucial to develop reasonably matched electrode materials. Based on this challenge, a surge of studies has been conducted on the modification of carbon-based electrode materials. Herein, we first summarize the progress of the related research and elucidate the energy storage mechanism associated with carbon-based electrodes for ZIHCs. Then, we investigate the influence of the synthesis routes and modification strategies of the electrode materials on electrochemical stability. Finally, we summarize the current research challenges facing ZIHCs and predict potential future research pathways. In addition, we suggest key scientific questions to focus on and potential directions for further exploration.