It's the synergy of everything that matters. This same factoid is and was used by people doubting the feasability of battery electric cars and trucks because, especially in it's very misleading pre-combustion version, it's seems like an insurmountable difference.
But the total impact is related to the full system, which in cars includes:
- The useful power at the interface of road and wheel.
- The weight of the engine you get rid of (including the safety precautions to stop this killing passengers).
- The location of the weight.
- high torque at low speeds feeling "peppy"
- The type of journeys (stop'n'go traffic vs long distance trucking)
- The ability to use regen to save brake weight and pollution.
And so on.
Some of these have unexpected impacts, in EV the low center of gravity, the ability to put the wheels closer to the corners, the quiter operation, the ease of home refueling, ease of building on a shared platform are among the things that emerged.
For a while it seemed like hybrid cars might make the most sense, but a thousand small changes added up to basically make fully BEV the logical next step.
In aircraft, it's all still a bit up in the air (pun totally intended) but things like operating in thinner air that give combustion engines trouble, the ability to have lots of propellers and rethink a bunch of design assumptions, quieter operation in urban areas are already being noted and explored.