The urgent need for efficient energy storage devices has stimulated a great deal of research on electrochemical double layer capacitors (EDLCs). This review aims at summarizing the recent progress in nanoporous carbons, as the most commonly used EDLC electrode materials in the field of capacitive energy storage, from the viewpoint of materials science and characterization techniques. We discuss the key advances in the fundamental understanding of the charge storage mechanism in nanoporous carbon-based electrodes, including the double layer formation in confined nanopores. Special attention will be also paid to the important development of advanced in situ analytical techniques as well as theoretical studies to better understand the carbon pore structure, electrolyte ion environment and ion fluxes in these confined pores. We also highlight the recent progress in advanced electrolytes for EDLCs. The better understanding of the charge storage mechanism of nanoporous carbon-based electrodes and the rational design of electrolytes should shed light on developing the next-generation of EDLCs.