Most gas range manufacturers either already have induction products or can easily enter the market. The barriers of entry are really low, it is not like you are

Most gas range manufacturers either already have induction products or can easily enter the market. The barriers of entry are really low, it is not like you are building 3nm microchips. Brand recognition and existing distribution channels favor existing manufacturers. For the investors perspective it looks like a non-brainer decision to stand behind this ban. Consider how many existing households would feel compelled to retrofit to induction, the ability to have differentiated product lines with premium features commanding premium profit margins. The idea that gas oven manufacturers would not enthusiastically embrace this change reflects a naive and moralistic world view.