"Fuel Price Frenzy: Electric and Hybrid Vehicle Shortages Hit Dealerships Nationwide. As fuel prices continue to soar, American car buyers are making a shift towards more eco-friendly options - and it's causing a significant shortage of hybrid and electric vehicles on dealership lots. According to data firm Catalyst IQ, new-vehicle inventories plummeted to 2.85 million at the start of May, with hybrid and electric vehicles in particularly short supply. As demand for these fuel-efficient vehicles surges, dealerships are struggling to keep up, leaving buyers with fewer choices and potentially higher prices."
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.
