Like… 240W at 12V requires thick wires and beefy connectors. Have you not been following the ongoing problems with 12VHPWR connector on GPUs? They keep melting because current imbalances end up running huge currents through individual pins.
The huge design flaw is using a lot more pins than necessary. As such, a lot of the connector area went into insulation between pins. The more sensible way would be to base it on just 2 big pins similar to Anderson Powerpole or XT90.
This is tooki's pet story - and yet the problem is only with some GPUs, and not with CPU supplies in the same proportion at all, which share exactly the same design - paralleling 8 Molex pins at 12V for supplying more current. Current sharing is not a failure; it's well-known thing that can be taken into account in proper engineering ways just fine, including derating, test, measurement, and quality control. As has been shown, Anderson Powerpoles and XT90 fail, too, and paralleled connector pins are used all over the different fields of electronic and electric engineering just fine.
In the end, the Vcore supplies around 1V and 100-200A end up being pushed into the chip via hundreds of paralleled tiny connections, too! And it works, and tooki can't do anything about it; it's fundamentally the only possible real choice.
But for this context, it doesn't matter - the end result is the same - default0.0player is wrong, and even for modestly short distances, upping voltage to reduce current makes total sense. CPU power supply voltage was upped from 5V to 12V (local buck regulation either way!) ~20 years ago exactly for this reason. Whether it's a clunky, specialized single high-power connector pin, or a bunch of paralleled mundane lower-cost pins (either have good track record when done right, bad track record when done wrong) - the end results is same: big and expensive, exactly what's not desirable. And the cable copper, and the energy loss in the cable, both cost very real money even with just 2 meters - no need for thousands of kilometers.
I don't think 12V should be used for laptop's power input. The PSU of a desktop is internal so a desktop takes 100-240V AC as input, not low voltage DC. The sweet spot for high-performance laptop is around 19-24V. Lower voltage means higher cable losses while higher voltage leads to more DC-DC conversion losses.
Let me put the typical diagram for a quick explanation

The VSYS is the input voltage of the CPU and GPU's power supply where it's converted to Vcore around 1V. Which voltage would you prefer on VSYS? If it's 48V, then go HPB and "make half of the components to withstand 48V" is true, including power supply for low powered ones like the keyboard and screen backlight, 5V usb power, etc. However you can maintain high efficiency by only using the DC-DC converter in the diagram for battery charging.
If the VSYS is not 48V, whether it's 19V or 24V, go NVDC and use the buck converter for both battery charging and powering the laptop, this decreases the efficiency by routing 100% of the input power (not just for battery charging) to the DC-DC converter. The DC-DC's voltage regulation requirement is also going to be much higher, if the voltage drops a little it'll lead to battery discharge even when the load is lower than the adapter's limit.
If Anderson connector is used you can simply go 19V 13.5A or whatever, use HPB and get efficiency and better peak response.
It's also way simpler, just 2 "pins", + and GND, unlike the USB-C that has 24 tiny pins that's more complex and can't handle high current.
There are three voltages you can choose, VADP, VBAT and VSYS. VSYS is the voltage of the input of all power converter downstream, CPU/GPU, 5V usb, 3.3V for SSD, etc. Choosing a high VSYS will reduce the I^2*R losses of the main power rail but the subsequent converters for these components needs to be beefed up with higher cost to withstand the input.
The battery voltage can be chosen by varying the series connected cell count, 2S for low-powered portable laptops and 4S for high powered gaming laptops.
Then the VADP and then the power circuit itself. NVDC is good for PD as you only need to replace the buck shown in the diagram to buck-boost and it'll happily work with 5-48V, all subsequent components don't need to be changed. However, the efficiency is lower because the buck-boost is used 100% of the time with adapter.
IPB on the other hand, is less compatible with PD because the VSYS must be exact the same as VADP if adapter is used, in other words, if the VADP is lower than the battery's minimum voltage, the computer won't draw any power from it. However it's more energy efficient as the buck (or buck-boost) is not used to power the laptop itself with the adapter or the battery. If the adapter is underpowered, the buck converter can work in reverse, boosting VBAT to VSYS. This only happens in less than 10% of the time, in comparison to the NVDC circuit that the buck-boost is used 100% with the adapter
If 48V 5A is so good why hardly anyone actually use it. I think it's better to wait for a DC-DC converter that accept a large voltage range like 5-48V and very high efficiency like >95%