
An empty car carrier trailer passes the construction site of the new Nissan gigafactory in Sunderland.
Photographer: Joanne Coates/Bloomberg
Hyperdrive
Biden’s Green Subsidies Are Speeding the UK Car Industry’s Decline
The IRA is upending the auto industry worldwide as it transitions to electric vehicles. The window for the UK to respond is closing fast.
Washington in northeast England likes to boast of its US connections. George Washington’s ancestral home lies at the heart of the old village; the family coat of arms greets visitors to the municipality; even the local golf club is named after the first US president.
Yet for all the historic affinities, government actions in the US capital now pose a threat to the economic lifeblood of its diminutive English namesake.