Environmental barrier coatings (EBCs) greatly improve the service performance of SiC‐based ceramic matrix composites (CMCs) in high‐temperature combustion chambers. Working environments with physical ablation, high temperature, and chemical corrosion require the performance of designed EBC materials and/or structures to be properly evaluated before their real applications. In this paper, EBCs’ lifetime‐related phase stability, chemical compatibility, and microstructure retainability are discussed. And then, evaluation methods for basic and environmental properties of EBCs are thoroughly reviewed with newly proposed methods and improved techniques. Pros and cons of each method along with some potential strategies/techniques are also provided. We hope this article can give a timely and overall review for efficient and effective evaluation of EBCs and provide guidance not only for beginners but also for seasoned researchers when they design and develop high‐performance EBC systems.