It takes 4 times the energy to achieve twice the velocity for a given mass even in a vacuum, anyway. With drag squaring with a doubling in speed, the power requirement for overcoming that force will be 8 times when it was twice as slow! However, in reality, drag usually only makes up a proportion of the losses due to friction. One question I've often wondered about is what determines when the drag makes up the main proportion of the losses due to friction? Could terminal velocity be considered as a good marker?
For example, when terminal velocity is reached, it is because drag from the air is matching the force of gravity (or in a car the driving force). Does this mean it is producing a 9.8m/s acceleration in the opposite direction? If a car was accelerating at 20m/s^2 would the drag make up almost 50% of the losses due to friction? Can terminal velocity at a particular speed be used to calculate the losses due to drag at a particular multiple or division of that speed and then know the required power increase or decrease?
If a terminal velocity for a car when accelerated by engine power at 12m/s^2 was 50m/s would the drag force at 100m/s be 48m/s^2? If the car was producing 100hp at 50m/s, then it will need to produce nearly 800hp at 100m/s (The drag is dominant 99%)? On the other hand, below it's terminal velocity: if the car was accelerating at its maximum rate, to break a mere 25m/s; at this point the drag is only making up 1/4th of the forces slowing the car, and almost 3/4ths is just the power required to reach that velocity that quickly sans drag?