---
title: Stable PCTC demand amid growing fleet
description: "Market growth is gaining momentum following a subdued start to 2025\n\nThe PCTC market remains stable, with EU new car registrations increasing by 1.6% in May—marking a second consecutive month of growth after a subdued start to the year. Battery electric vehicles now account for 15.4% of market share, supporting long-term trade prospects."
image: https://blog.maritimefinance.ch/hubfs/W26_article_3.jpg
---

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# Stable PCTC demand amid growing fleet

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06/30/2025 [Market update](https://blog.maritimefinance.ch/en/marketreportweekly/tag/market-update)

![W26_article_3](https://blog.maritimefinance.ch/hs-fs/hubfs/W26_article_3.jpg?width=966&height=622&name=W26_article_3.jpg)

**Market growth is gaining momentum following a subdued start to 2025**

The PCTC market remains stable, with EU new car registrations increasing by 1.6% in May—marking a second consecutive month of growth after a subdued start to the year. Battery electric vehicles now account for 15.4% of market share, supporting long-term trade prospects.

**Robust trading activity observed recently in anticipation of upcoming tariff changes**  
Seaborne transport volumes exceeded expectations in April and May, driven largely by frontloading ahead of new US tariffs. Some of this effect may persist into June, with normalization anticipated from July onward.

While fleet expansion—expected to reach 12% in 2025—remains a key consideration, recent demand resilience and strong long-haul trades are contributing to a more balanced short-term outlook.

*Source: Fearnleys Securities*

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