Reputedly, Apple is developing a High Power Mode for MacBook hardware. The mode will be introduced with a future macOS 12 Monterey update and should benefit all MacBooks, including the long-awaited 14-inch and 16-inch M1X-based models.
https://www.notebookcheck.net/Apple-MacBook-Air-and-MacBook-Pro-models-to-receive-a-performance-boost-in-macOS-12-Monterey.567748.0.html