There is also the pressure cooker option. That's where our household gets the most mileage out of it. Pressure cooking is easy. Instant Pot pressure cooking is automagic.
Thankfully most meals have low HP.
If we had European 240V circuits we could have an Instant Pot designed for well over 2000W and it wouldn’t be an issue.
The same story goes for electric kettles. Alec of Technology Connections [1] went into extensive detail about it!