Hybrid supercapacitors (HSCs) have garnered growing interest for their ability to combine the high energy storage capability of batteries with the rapid charge–discharge characteristics of supercapacitors. This review examines the evolution of HSCs, emphasizing the synergistic mechanisms that integrate both Faradaic and non-Faradaic charge storage processes. Transition metal oxides (TMOs) are highlighted as promising battery-type electrodes owing to their notable energy storage potential and compatibility with various synthesis routes, including hydro/solvothermal methods, electrospinning, electrodeposition, and sol–gel processes. Particular attention is directed toward Ti-, Co-, and V-based TMOs, with a focus on tailoring their properties through morphology control, composite formation, and doping to enhance electrochemical performance. Overall, the discussion underscores the potential of HSCs to meet the growing demand for next-generation energy storage systems by bridging the gap between high energy and high power requirements.