Once you’ve got the right cookware, induction works far better than both traditional electric stoves and gas. According to Consumer Reports, induction stoves can boil a pot of water 20 to 40 percent faster than the best gas stoves. Induction stoves transfer energy with around 85 percent efficiency, which is almost three times higher than gas. Plus, since there’s no gas, there’s no chance of gas leaks, which is always a terrifying possibility for those renting older homes or apartments. The downsides of induction stovesNow, there are a few downsides to induction stoves.