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Ethanol has too low of an energy density; it's a bad fuel. The only reason countries dilute gasoline with it is because the inputs are so heavily subsidized.
Many countries run on pure ethanol. You're just parroting gas and oil bots on Reddit.
https://www.greencarreports.com/news/1092181_a-brief-history-of-ethanol-in-brazil
The Indy 500 has run on alcohols since 1965. Entire dragster classes run on ethanol. Pretty good for a bad fuel.
This isn't parroting, ethanol just isnt as energy dense as petrol - thats a fact. Also, because some countries are using this fuel it doesn't magically make it good.
Race car engines have teams of engineers who pull engines down after each race, and while the fuel allows you to push performance envelopes its about 30% less energy dense, its also hydroscopic so it absorbs atmospheric moisture and spoils much quicker. Its an alternative, but its very much a trade off in terms of drawbacks.