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Comment by pkolaczk
Another part of the point is that you can pack a much smaller and more efficient ICE and then substitute the missing power and torque from electric motors when needed. Most cars are not used at max power all the time. You need max power only at short times when accelerating. With pure ICE there is the tradeoff - a bigger engine will get you more max power / max torque but is going to be less fuel efficient because of internal friction.