It's being driven by government pressure to reduce energy consumption and dependence on fuel imports. That isn't a bad thing. It's the sort of thing a responsible government should be planning for.
It may not be as green as pure electric can be in theory, but in large portions of this country electric isn't all that green either.
Heat pumps appear expensive to operate. Imagine running your AC year-round... that very thought makes many-a-homeowner shudder.
It's a niche, I give you that, and the plate can only be used with specific sized woks, but they exist.
I've seen induction cooktops in commercial kitchens before, maybe they were just being stupid?