Parallel hybrids like the Prius, Fusion, etc... do benefit from having something like a CVT, but the biggest gain comes from recovering kinetic energy during braking. Notice that they all get better city mileage than highway! That's because cycles of stop/accelerate have a very low penalty when most of the energy is recovered, so the difference in fuel economy is dominated by drag which is worse at higher speeds.
Hybrid planes and boats make little sense. This one wins by using a smaller engine and supplementing it with an electric motor for takeoff.
Now give me a series hybrid twin-engine aircraft and you've got some possible redundancy/safety improvements, but not much in the way of fuel savings.
1. http://en.m.wikipedia.org/wiki/Atkinson_cycle 2. http://www.curbsideclassic.com/blog/the-atkinson-and-miller-...
It's possible that these requirements lead to engines which have a optimal power output above what would be required in straight & level flight.
This is a reason mathematicians loathe the overuse of "optimal" by engineers: in the real world there are often too much variables.
While hybrid cars do those things, they aren't the main source of the efficiency of parallel hybrids, parallel hybrids like the Prius work by keeping the engine at the most efficient throttle setting (which is much higher than what would normally be used for cruising) whenever it is running, and using excess power from the engine to recharge the batteries.
The article describes this aircraft as doing the same thing.