The bigger problem is that the overall weight increases. Rearranging the COG doesn't really matter when most of your energy is spent literally fighting gravity.
This is the first thing that popped up in google when I wanted to compare gravimetric density between gasoline and lithium ion batteries. Gasoline is still approximately 30x denser. That is at least one revolutionary breakthrough in battery technology away, if not several.
https://research-archive.org/index.php/rars/preprint/downloa...