Thermal power plants (i.e. Rankine cycle) plants are rated on throughput--i.e. fuel input to electricity output. For example, Colstrip is /was one of the most efficient plants of its type, just around 39% of its energy input is turned into electricity (coal to electricity). Thermal plants have high efficiencies in the furnance and boiler, it is that pesky condensation of steam that kills their efficiencies. Ironically, wind turbines have about the same efficiencies as do thermal plants (no free lunch from Mother Nature it seems).
Electric cars are coming, and becoming more mainstream every day. The fear that the utility I work for has is that at $5 a gallon for gas the electric cars will show up faster than we can plan for. Our load curve will be flat and we will be short on resources. I like the idea of using intermittant resources (i.e. wind) to charge the batteries on an electric car--just need the communications in place to make that work, perhaps a lower rate is needed as well.
Otto cycle engines at 27 to 30% efficiencies? Name one car sold that has that high of an efficiency--I want to buy it! Atkinson cycle and diesels operate there, not Otto cycle engines. That doesn't mean that Otto cycles can't get there--they don't yet however (in mass produced automobiles). Presumably the high cost of liquid fuel will re-kindle the market for fuel efficient automobiles.
Transmission losses are undergoing a slight downward trend--Kelvins Law indicates that lines should be sized based on a forward electricity price, at $100 MW-hr a fat conductor looks like a really good idea.
I think the point here is that electricity is a more efficient way to do business across the board. If it wasn't, then why don't we have gasoline motors in our washing machines, clothes dryers, hair dryers, etc. It is the difficulty in storing electricity (you really can't do it) that keeps electric cars from being more mainstream. Given that most Americans have a commute distance of less than 50 miles (round trip) it seems to me that the time for the electric car has arrived.