"Fuel Price Fallout: Electric and Hybrid Vehicles in Short Supply. As fuel prices continue to soar, American car buyers are turning to more fuel-efficient options, leading to a significant drop in new-vehicle inventories nationwide. According to data from Catalyst IQ, the number of available vehicles plummeted to 2.85 million in early May, with hybrids and electric vehicles (EVs) being the hardest hit. As demand for eco-friendly vehicles surges, manufacturers are struggling to keep up, resulting in a shortage of these in-demand models that is likely to continue affecting the market."
New-vehicle inventories fell to 2.85 million to start May as elevated fuel prices pushed shoppers toward hybrids and EVs, reducing available supplies of such vehicles, data firm Catalyst IQ said.
