Last month, out of more than 11,000 new passenger vehicles registered in Norway, only around 150 had internal consumption engines. The rest were fully electric. In mainland Europe as a whole, EV sales are up 51 percent from a year ago.

The global energy transition — the shift from fossil fuels to electrotech, which uses solar, wind and batteries to power an electrified economy — is accelerating. It’s now clear that the closure of the Strait of Hormuz marks an inflection point: the global green energy curve, which was already on a rapidly rising trajectory, has suddenly become even steeper. “Investors,” reports the Financial Times, “are piling into clean energy funds.”

This acceleration isn’t just a consequence of soaring fossil fuel prices. It is also the result of the worldwide realization that, with the end of Pax Americana, depending on imported hydrocarbons is a risk not worth taking. The United States cannot be relied on to keep sea lanes open when cheap drones can take out an oil tanker or a major pipeline. Even relying on oil and gas from America itself is dangerous, since one never knows when an erratic U.S. government – now under the control of a twice-elected malignant narcissist — will try to use energy as a tool of coercion.

Despite the perversity of its causes, the current acceleration of electrotech is overwhelmingly positive for the world as a whole. It will slow climate change and reduce pollution. It will diminish the power of anti-democratic petrostates and limit the vulnerability of the world economy to disruptions at choke points like Hormuz. It will democratize access to cheap energy sources in places like Africa.