The question is "how much will lithium cost?"
It can be extracted from the ocean, there are undeveloped known mineral deposits and you always expect there are unknown deposits to be found. Production will grow as demand grows, when there is lag because new sources take time to develop and proven demand is needed before someone spends a lot of money developing a new source there will be cost growth, when new sources, recycling, etc. develop, prices will drop.
In 20-30 years one of the alternatives (like sodium batteries, we'll never run out of sodium) aren't so unlikely to be found.
Indeed, and we already have research into using concentrated desalination brine to recover lithium from [0]. Unfortunately, a lot of desalination plants are positioned in Arabia [1], so we'd trade dependency on these dictatorships from oil to lithium.
[0] https://pubs.rsc.org/en/content/articlelanding/2019/em/c8em0...
[1] https://www.aquatechtrade.com/news/desalination/worlds-large...
Recovering lithium from the brine is essentially just using the waste these plants generate as part of their operation.
OTOH you have to buy gasoline regularly. If supply gets cut off, current vehicles are scrap metal.
As we make lithium battery capacity more affordable, it gets applied more broadly, and the rate of use goes up. There is a very finite amount of any resource here on earth, and while we can get things more and more efficient, there will be a moment where we can no longer extract lithium (or other materials) required for battery production. Treating these as an endless resource is the same error we made with fossil fuels, just hopefully without as much climate change as a direct result...
Thats… 200 MWh per person worth of lithium.
Or energy storage equal to 200 tons of TNT.
Unlike fossil fuels it is not consumed and will be recycled.
In short, there’s a few orders of magnitude of more lithium around than anyone will ever need. It all comes down to price of extraction.
Taking enough out of the oceans for everybody to have a Tesla won’t even take 0.1% of what’s there.
More likely, we will stop more lithium extraction, and get most of it from recycling old batteries. 20 years from now is probably too soon for that, but 30-40 seems like it could be possible where we can circularized the lithium economy.
(Circularization assumes that per capita needs are not every increasing, and that population levels off, which seems likely to me but definitely not certain)