Sodium ion batteries (SIBs) are being billed as an economical and environmental alternative to lithium ion batteries (LIBs), especially for medium and large-scale stationery and grid storage. However, SIBs suffer from lower capacities, energy density and cycle life performance. Therefore, in order to be more efficient and feasible, novel high-performance electrodes for SIBs need to be developed and researched. This review aims to provide an exhaustive discussion about the state-of-the-art in novel high-performance anodes and cathodes being currently analyzed, and the variety of advantages they demonstrate in various critically important parameters, such as electronic conductivity, structural stability, cycle life, and reversibility.