But if you are getting electric energy for free from solar panels, and you're getting chemical energy by pumping taxed dinosaur carbon into the air, then you might find that the electric energy could be more efficient.
You're absolutely correct that it's wildly inefficient by any metric now. But if clean electric energy became wildly abundant, that would change.
In computing, there are all kinds of wildly wasteful things (web browsers) that are the best way to do things because computation is extremely cheap. It's very interesting to think about what kinds of devices would make economic sense if electric energy had the same price collapse that computation has done.
The fact that we "burn electricity" in electric water heaters, stoves, and toasters rather than only using high-entropy energy sources like gas water heaters and gas stoves is an example where present-day electric energy supply chains have beaten out the theoretical advantages of only using high-entropy energy sources when it is possible to do so.