You can make it a bit more efficient by optimizing an engine for a specific singular output, sometimes up to 50% I think is what nissan claims. One automaker, I forget who, was researching doing a hybrid drive train like the volt had, but where the engine could run in that one single speed and charge a battery.
Seems a lot more complicated than just electrifying the system, but I'm not a auto researcher.
Nissan's PR about it: https://www.nissan-global.com/EN/INNOVATION/TECHNOLOGY/ARCHI...