I know pessimism about software is in fashion, but exaggerating the problem doesn't help. The actual size of the latest version of Electron (on Windows) is 181 MB uncompressed, 77 MB zip-compressed, and 51 MB 7z-compressed. Not great, but again, let's not make it look worse than it is.
Also, there is hope. Microsoft's WebView2 [1] means that Windows has a modern, shared, embeddable web rendering engine for the first time in several years. And Tauri [2] is making it easier for web developers to take advantage of WebView2 on Windows, and WebKit on Mac and Linux, to create lightweight native applications using web technologies.
[1]: https://docs.microsoft.com/en-us/microsoft-edge/webview2/