Most providers continue to offer email-based recovery in the case that the end-user loses access to their primary factor, regardless of whether the primary factor is a password or a passkey.
And email based account recovery does not make the security advantages of passkeys disappear, which are:
- credential that's guaranteed to be unique
- credential that's guaranteed to be strong
- credential that cannot be phished (due to cryptographic binding to the domain at the time of credential creation)
- changes the incentives for compromising servers (they're nothing worth stealing from the server -- only public keys)
- if/when an app/website transitions to retiring password-based authN, then it will entirely eliminates credential stuffing attacks