Specifically, heat pumps use more energy on cold days. They use a massive amount more energy on the coldest days.
Today, if you use double the electricity, it costs double the money. Thats affordable as long as it happens rarely.
But, with lots of people getting EV's and heat pumps, and the generation mix getting more wind and solar, I forsee energy companies forcing customers onto dynamic pricing plans. Ie. the price adjusts every hour of the day.
Now when it's cold, and everyone else is trying to use extra power for their EV's and heat pumps, the price will go way up. So now, instead of using double the power and paying double, you'll use double but pay 50x.
Suddenly the economics of a heat pump don't look so attractive when you realise you paid $300 on one cold night...
Dual heat sources solve this (I doubt gas will ever have dynamic hourly pricing).