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For CLI/terminal, checkout 'bat', https://github.com/sharkdp/bat
Although, OP asked about viewing rendered Markdown without electron. And since VS Code is both electron and (really) a text editor, I'd have to go with Pandoc for what they want to achieve. Its CLI based and can convert from.almost any text or document format into almost any other text or document format.
NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.