The electrolysis of water is considered to be a primary method for the mass production of hydrogen on a large scale, as a substitute for unsustainable fossil fuels in the future. However, it is highly restricted by the sluggish kinetics of the four-electron process of the oxygen evolution reaction (OER). Therefore, there is quite an urgent need to develop efficient, abundant, and economical electrocatalysts. Transition metal carbides (TMCs) have recently been recognized as promising electrocatalysts for OER due to their excellent activity, conductivity, and stability. In this review, widely-accepted evaluation parameters and measurement criteria for different electrocatalysts are discussed. Moreover, five sorts of TMC electrocatalysts—including NiC, tungsten carbide (WC), Fe3C, MoC, and MXene—as well as their hybrids, are researched in terms of their morphology and compounds. Additionally, the synthetic methods are summarized. Based on the existing materials, strategies for improving the catalytic ability and new designs of electrocatalysts are put forward. Finally, the future development of TMC materials is discussed both experimentally and theoretically, and feasible modification approaches and prospects of a reliable mechanism are referred to, which would be instructive for designing other effective noble-free electrocatalysts for OER.