Herein, metal-free heteroatom doped carbon-based materials are being reviewed for supercapacitor and energy applications. Most of these low-cost materials considered are also derived from renewable resources. Various forms of carbon that have been employed for supercapacitor applications are described in detail, and advantages as well as disadvantages of each form are presented. Different methodologies that are being used to develop these materials are also discussed. To increase the specific capacitance, carbon-based materials are often doped with different elements. The role of doping elements on the performance of supercapacitors has been critically reviewed. It has been demonstrated that a higher content of doping elements significantly improves the supercapacitor behavior of carbon compounds. In order to attain a high percentage of elemental doping, precursors with variable ratios as well as simple modifications in the syntheses scheme have been employed. Significance of carbon-based materials doped with one and more than one heteroatom have also been presented. In addition to doping elements, other factors which play a key role in enhancing the specific capacitance values such as surface area, morphology, pore size electrolyte, and presence of functional groups on the surface of carbon-based supercapacitor materials have also been summarized.