It's called "Amdahl's Law" in the computing world. The law of bottlenecks and efficiencies. Even if those cars went to infinite efficiency, you'd still benefit more by raising the 10MPGs to a higher number.
(No upvote from me though, this is way too obvious!)
The idea behind low-hanging fruit is that it's low hanging (easy to get to). Not that it's the "best" fruit, but it's the easiest to reach.
Not one of my favorite Godin articles, by far.