Here's an example startup https://terraformindustries.com/
Here's an example startup https://terraformindustries.com/
1. https://www.aps.org/publications/apsnews/201208/backpage.cfm
It mean 70% of the energy spent to produce this fuel is going to be lost. Meanwhile batteries range is improving every year, and electric engine easily reach 90% efficiency.
The downside of this process seems to be that it doesn't extract atmospheric CO2 to make methanol, it converts CO2 from concentrated industrial waste streams. It's perhaps "better than nothing" but the methanol will probably end up as CO2 again later (if it's used as fuel, for example) so it really isn't as great as it might sound.
The only thing that does make a difference is if you succeed in getting the carbon back into the ground.
Outside of classic/antique cars, why would we want to keep existing ICE vehicles long term? After a couple decades, the few remaining ICE vehicle niches will probably still be served by petroleum-derived fuels or bio-methanol, not synthetic hydrocarbons.
Switching long haul trucking to renewable hydrogen would make much more sense, since weight is an issue. Air travel is tougher. In the near term we will start blending waste oil based sustainable aviation fuel. Longer term people have suggested directly burning liquid hydrogen.
The biggest near term CO2 reductions will come from switching to renewables for electricity. We have the tech to make major strides on that front now.