The best part is that it gets every hit as hot as a gas stove, maybe even hotter, and as I discovered just yesterday, you can set the temperature below boiling to keep something warm. I’ve never been able to do that with gas.
The fact that it can be made to be green makes me very happy.
A lot of "luxury" buildings are superficial branding with low-end appliances. Sometimes they're fine. Sometimes you wind up with an oven that takes two hours to pre-heat, and when you tell maintenance it's broken you discover they're all like that.
Granted, most of those places didn't have gas to begin with.
Heat (from gas fireplace), hot water, and home cooked meals were no problem.
It’s the only thing I tell new homeowners to make sure they have.
From an engineering perspective it’s also more efficient, you don’t lose as much energy in the transfer. Not sure if that makes it more cost efficient though.