People are not moving from natural gas to the old style resistance coil electric stoves that everyone is accustomed to, they are moving to induction stoves that get to temp nearly instantly, have a high power output ceiling.
I have only used one at a holiday house, and I swear it was the most temperamental thing in the world. A few drops of water or oil and it refuses to work.
Could just be that I am using an early model (this one was bought 10+ years ago, it has a touchpad for controls instead of knobs which also blows)
Another plus, when a mess happens, I can actually wipe up with a wet rag literally as I’m cooking, even under the pot.