Absolutely. Built right, electric cars can be firecrackers off the line. More efficient, no gears. Drag racing may be a good venue for them because they don’t have a lot of range.
In terms of performance, they would be unmatched.
However, it wouldn’t be the same sport. Because, as you note, they don’t have transmissions, which is a big part of the challenge of a drag race — being able to shift correctly.
And they have traction assistance that eliminates another of the major challenges — getting off the line without spinning out.
And they have no noise, which is a big part of the fan experience.
It would truly be like running little electric slot cars. Boring.