Perovskite solar cells (PSCs) have recently emerged as one of the most exciting fields of research of our time, and the World Economic Forum in 2016 recognized them as one of the top 10 technologies in 2016. With 22.7% power conversion efficiency, PSCs are poised to revolutionize the way power is produced, stored and consumed. However, the widespread use of PSCs requires addressing the stability issue. Therefore, it is now time to focus on the critical step i.e. stability under the operating conditions for the development of a sustainable and durable PV technology based on PSCs. In order to improve the stability of PSCs, hole transport materials (HTMs) have been considered as the paramount components. This is due to the fact that most of the organic HTMs possess a hygroscopic and acidic nature that leads to poor stability of the PSCs. This article reviews briefly but comprehensively the environmental stability issues of PSCs, fundamentals, strategies for improvement, the role of HTMs towards stability and various types of HTMs. Also the environmental parameters affecting the performance of perovskite solar cells including temperature, moisture and light soaking environment have been considered.