"meeting UK electric car targets for 2050 would require production of just under two times the current total annual world cobalt production, nearly the entire world production of neodymium, three quarters the world’s lithium production and at least half of the world’s copper production."
And this is only UK. In order to switch to EV we need revolution in battery production, we need revolution in electricity production and grid construction and I don't see any of this happening for now. I am tracking all news about "new, better battery" and typically it at the end of the news it turns out, that this new great battery weight is 2 tonnes or it can work in temperature range up to -200 degrees, etc.
[1] https://www.greencarcongress.com/2019/06/20190624-uk.html