@mark @GhostOnTheHalfShell @benroyce @blogdiva This is my understanding too.
We can recycle old batteries to make new ones. It is cheaper to do this than digging more materials, once we get enough supply of old batteries.
Battery tech is also getting better. We are on the cusp of being able to replace lithium with sodium for electricity grid storage, and sodium doesn't require mining in the way lithium does.
The key here is that all the extraction for EVs is a one-time (mostly) operation that will replace fossil fuel extraction, which is not a one-time operation.
And before anyone thinks I'm a EV shill: I hate all cars. I think they should be completely outlawed from cities and heavily reduced elsewhere. Am I going to get my wish in my lifetime? I very much doubt it. EVs are an improvement over internal combustion in every material way.
Once we have EVs, we need to fix the toxic tires and road markings. Then onward.