To find the fraction of cars on the lot that are both gray and electrically powered, we can use the information given.
- The fraction of cars that are gray is \( \frac{2}{5} \).
- The fraction of the gray cars that are electrically powered is \( \frac{1}{3} \).
To find the fraction of all cars that are both gray and electrically powered, we multiply these two fractions:
\[ \text{Fraction of cars that are gray and electrically powered} = \left(\frac{2}{5}\right) \times \left(\frac{1}{3}\right) \]
Calculating this, we multiply the numerators and the denominators:
\[ = \frac{2 \times 1}{5 \times 3} = \frac{2}{15} \]
So, the fraction of the cars on the lot that are both gray and electrically powered is \( \frac{2}{15} \).