If I recall correctly, a fully charged lead acid battery has an open circuit voltage of 13.6V.
So the alternator has to put out at least something higher than if it’s planning on recharging the battery after 500 to 700 amps have been pulled from it for a few seconds to start the engine.
Yeah, max CV charging voltage is ~14V, max charging C rate is ~0.2C, open circuit voltage at 100% is that 13.x range. And lead acids like to stay at 100% unlike Li-ion which likes 50% +/-30%, so "12V" ICE cars just use a bus voltage of 13-14V and wire the battery there. At any given moment, the car's "12V" bus voltage MUST be above 13.x and below 14.4(absolute max).
It's a bit perplexing that those lead acid systems are referred to as "12V" systems when that figure is effectively the 0% voltage, whereas 3.7V for single Li-ion cell is the 50% voltage.
e: also, ICE transients can be in kV range, coming from ignition mechanisms. I've heard that you can literally measure engine RPM by selecting 1/dt on an oscilloscope and dividing that by cylinder count.