Larger wheels on a bike have many desirable factors. For example I have a 26" and a 29" bike. My 29" bike can get out of control when rolling down hills.
Bigger wheels negotiate bumps better, but in the case of a car, they would create more drag, and less efficiency.
The large rims with low profile tyres are about appearance, and low class attitude. The ride is terrible, and noisy. They might handle better on a race track, but offer nothing on city streets. Note that the low class people who buy them are usually the same people who illegally bump loud bass. You often see them parked in driveways where welfare recipients live.