Hydrogen is an ideal alternative energy for fossil fuels to solve aggravating environmental and energy problems. Electrocatalytic hydrogen evolution reaction (HER) driven by renewable electricity (sunlight, wind, tide, etc.) is considered to be one of the most promising approaches for hydrogen production. However, its large-scale applications are greatly limited by the use of noble platinum (Pt) group electrocatalysts. As an earth-abundant/non-noble HER catalyst, molybdenum carbide (MoxC: MoC or Mo2C) has attracted extensive attention in the field of sustainable hydrogen production due to its excellent Pt-like catalytic activity, low cost, high chemical stability, and natural abundance. In this review, the progress on the strategies for optimizing the catalytic activity of MoxC is summarized, including optimization of synthesis methods, composites with carbon material, non-precious metal doping, transition metal doping, construction of the heterogeneous structure, etc. Among them, the importance of sulphur-doping, Ni-doping, and heterophase structure on molybdenum carbide-based catalysts for enhancement of HER activity has been highlighted. In addition, molybdenum carbide-based bi-functional catalysts are presented for the application in full water splitting. Finally, several effective strategies for molybdenum carbide-based catalyst design are concluded, and challenges remained in electrocatalytic water splitting are raised. Future development trends and perspectives for this promising material are also discussed.