You are confusing power with energy.
The power exerted by a rolling vehicle at a given speed is equal to the summation of all drag forces times the velocity of the vehicle; this is the rate of work required to push it down the road at constant velocity. Even at 60MPH, this drag horsepower is a just a fraction of the full power available from the engine when it is running "wide open", screaming along at full throttle and maximum RPM's.
For example, the drag horsepower of my pontiac vibe cruising at 65 MPH on level ground with no headwind is about 18HP. Its maximum available power is about 132HP. Note that the drag horsepower scales as the cube of the velocity, which means that to double the speed of a vehicle requires 8 times the horsepower.
On the other hand, the kinetic energy of a moving vehicle is equal to 1/2 x (mass) x (velocity)^2. This is a measure of how much damage the vehicle can do if it collides with another object.