Wouldn't the increase in frontal area negate any gains in terms of overall efficiency? I thought that was a huge part of the reason those long distance electric racers look like this:
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and not like this:
(shrug)
Look at the bottom of those solar cars, it is smooth and allows air to flow over it easily. Now think of what the bottom of a car looks like. There are suspension pieces, drivetrain, exhaust, rear bumper, etc. hanging down in the flow path. The air dam increases drag at the front of the car by an amount, but the air dam decreases the drag under the car by an amount +1 so the overall effect is positive. If you had a full undercar tray, that ratio would probably flip.