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Bah, forget that TEG nonsense.
I've got one word for you: Organic Rankine Bottoming Cycle.
It's cogeneration for your car. Take your hot exhaust, run it through a boiler, boil a refrigerant (Florinol 50, usually), run that refrigerant through a turbine coupled to a generator, and get "free" energy from the waste heat.
All these ideas are great, but the capital cost will kill you (not unlike diesels or hybrids).
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