FRANKFURT, (Reuters) – Mercedes-Benz has virtually run out of electric vehicles as tight supply chains make it difficult for the luxury carmaker keep up with increasing demand. The chief executive stated Monday.

Ola Kaienius answered questions about rivals like Volkswagen (ETR) claiming that the demand for electric cars was greater than the supply. She said at the FT Future of the Car 2022 conference, “That’s largely true to us too.”