To conclude, in this paper, we evaluated the characteristics of catalysts, including kinetics and durability. They are the key characteristics of a catalyst that dictate the viability to be used by determining the efficiency and lifetime of a catalyst. Because the main point of assessment of a catalyst is to observe its kinetics and durability, this paper has focused on finding the most cost-effective catalyst. This catalyst has high kinetics relative to high durability. By comparing PGM and non-PGM catalysts, the result can be drawn that if a researcher decides to use an efficient catalyst, PGM catalysts are more efficient. However, non-PGM catalysts are more cost-effective due to their ability to be engineered into different catalysts, such as the engineering of Fe-based catalysts to Fe-N-C, which significantly increases performance. Still, non-PGM catalysts are also cheaper due to their high abundance of materials in nature from Table . However, with the development of current catalysts, many problems are yet to be addressed for future advancements. To enhance the kinetics of a catalyst, research has been done regarding the composition, structure, and location of the active sites on the catalyst where interaction between the molecules and the catalyst is happening. At the same time, to maintain the stability of the catalysts, a glance at the nanostructure thin film for catalysts is also taking place. This is beneficial to the catalysts as no carbon is required; it will increase the catalyst's stability and surface area, avoiding instabilities caused by carbon-supported structure. However, more research will be needed to employ these characteristics further.