There's a whole lot of people for whom "electric stove" means "giant metal coil that heats up in an uncontrollable way and contacts my cookware unevenly."
When my gas stove fails, I will almost certainly replace it with an electric induction stove. I have never used one, but my understanding is that they are just as easy to cook with as a gas stove.
However, old style electric stoves are still about half the price of induction stoves, and gas stoves are even cheaper. I can't fault someone for having to replace their range with something they can just barely afford instead of with something they can't afford at all.