Michael Wayland

VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.

The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

CARB's regulations call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles (ZEV).

Bentley said it plans to offer a new EV or plug-in hybrid electric vehicle (PHEV) each year until 2035, starting with its first all-electric vehicles in 2026.

Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.

Republicans, led by Trump, have largely condemned EVs, claiming they are being forced upon consumers and that they will ruin the U.S. auto industry.

Stock prices of foreign automakers fell sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump.

Ford on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels during a union strike in October 2023.

Ford plans to halt production of the F-150 Lightning until January to address high inventories and reduce losses of the all-electric pickup trucks.

Auto executives and lobbyists told CNBC they're ready for all election outcomes and EVs, trade, tariffs, China, emissions regulations and labor are top issues.