The best replacement for electric furnace is heat pump.

The best alternatives to electric furnace are rated as following:
★★★★★  heat pump
★★★★  gas furnace
★★★  gas
★★  propane furnace
★★  oil furnace
★  electric heat pump
★  baseboard heaters
★  induction furnace
★  natural gas furnace
★  space heater
  pellet stove
  electric baseboard
  infrared heater
  electric baseboard heat
  electric space heaters

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Google Trends

Scale is based on the average worldwide traffic of electric furnace in all years. Click on graph for more.
electric furnace
heat pump
gas furnace