For the volumes often boiled in kettles, often 0.5l to 1.0l, only if you use a massively oversized pot. But then you need to account of the extra evaporation and greater cookware mass which hurts the induction stove.
Induction power is still limited by pot diameter and common cookware is very heavy for water boiling because other types of cooking need more even heat and higher temperatures.
I actually raced a 120v kettle versus and high-end induction stove to boil 1l and it was very close.
Electric kettles are very well optimized for speed and efficiency.