When the bombs start dropping near your back yard, are you going to be thinking of âoecostsâ at that very moment, or are you going to realize with the threat of death nearby that fighting over cobalt and lithium might just actually force you to realize the EV mineral wars, will NOT be any less deadly?
One nice thing about cobalt and lithium is that they don't get consumed when you use them. When you drive your gas-powered car, the gas you put into it goes away forever, and you have to buy another tank next week, every week, for the life of the car. The rare earths in your EV's motors and batteries, OTOH, remain present and usable for the lifetime of the car, and can and will be reclaimed for other purposes after their service life ends.
So sure, there might potentially be wars fought over those elements; but it's much less likely to come to that, partially because manufacturers are learning to get by with less or none of those elements, but mainly because every nation-state that depends on them already has a de-facto internal stockpile that it can rely on instead of having to go to war for more.