Electric Vehicles (EVs) with multiple motors permit to design the steady-state cornering response by imposing reference understeer characteristics according to expected vehicle handling quality targets. To this aim a direct yaw moment is generated by assigning different torque demands to the left and right vehicle sides. The reference understeer characteristic has an impact on the drivetrain input power as well. In parallel, a Control Allocation (CA) strategy can be employed to achieve an energy-efficient wheel torque distribution generating the reference yaw moment and wheel torque. To the knowledge of the authors, for the first time this paper experimentally compares and critically analyses the potential energy efficiency benefits achievable through the appropriate set-up of the reference understeer characteristics and wheel torque CA. Interestingly, the experiments on a four wheel-drive EV demonstrator show that higher energy savings can be obtained through the appropriate tuning of the reference cornering response rather than with an energy efficient CA.