This is in theory not a problem: getting an oxygen sensor to 700 degrees if it's a tiny spec on a chip is not necessarily hard or would even require a lot of power.
But...oxygen concentration is essentially indepedent of CO2. We measure CO2 at part per million levels, whereas O2 is 20% of the air.
(In that context CO2 is surprisingly toxic given that 1000 ppm can impair mental acuity).
The goal of a gasoline engine's sensor is to accurately and precisely measure the point where O2 concentration reaches zero, so ambient air levels are not quite as relevant.
But...oxygen concentration is essentially indepedent of CO2. We measure CO2 at part per million levels, whereas O2 is 20% of the air.
(In that context CO2 is surprisingly toxic given that 1000 ppm can impair mental acuity).