The generator in a series setup is maybe %70 efficient
SOURCE, the motor maybe %90
SOURCE. So just to get from the ICE to an output shaft is about
%63 percent efficient in a series setup, ALL THE TIME, even when cruising down the hiway for
many many miles and hours at a fairly constant speed. The ICE cannot bypass these losses EVER in the serial setup. I am thoroughly convinced that the volt sucks for this reason!
If you parallel that ICE, you can choose the gearing for peak efficiency on the hiway (or at least within %10 of peak
SOURCE) over an rpm range of thousands. And if done with chain/sprockets it can be %98 efficient
SOURCE. So you wind up with a drivetrain that is %98 efficient at peak and say %88 efficient before you (being the good energy manager that you are) kick in the electric motor and optionally declutch/shutdown the ICE (unless you need both for this next hill).
It isn't rocket surgery
You will need to run up to
1/3 more gas through your series setup to get the same range. That is horrible. But that is what happens when lawyers and bureaucrats make engineering decisions.