Lol no. Electric is a pretty balanced type already. Back then, Psychic had virtually no weaknesses (Bug only had Pin Missile, learned by Jolteon and Beedrill, Twineedle, learned by Beedrill, and Leech Life) and no resistances (only themselves resisted it). Since day one, Electric had Grass resisting it and Ground being immune (and also super effective against it).
Hello??? Gengar says hi.