To use storage inside Kubernetes PODs I can use volumes and persistent volumes. While the volumes like emptyDir are ephemeral, I could use hostPath and many other cloud based volume plugins which would provide a persistent solution in volumes itself.
In that case why should I be using Persistent Volume then?
PersistentVoluemes is cluster-wide storage and allows you to manage the storage more centrally.
When you configure a volume (either using hostPath or any of the cloud-based volume plugins) then you need to do this configuration within the POD definition file. Every configuration information, required to configure storage for the volume, goes within the POD definition file.
When you have a large environment with a lot of users and a large number of PODs then users will have to configure storage every time for each POD they deploy. Whatever storage solution is used, the user who deploys the POD will have to configure that storage on all of his/her POD definition files. If a change needs to be made then the user will have to make this change on all of his/her PODs. After a certain scale, this is not the most optimal way to manage storage.
Instead, you would like to manage this centrally. You would like to manage the storage in such a way that an Administrator can create a large pool of storage and users can carve out a part of this storage as required, and this is exactly what you can do using PersistentVolumes and PersistentVolumeClaims.