While the cost of fully recycling a lithium-ion battery is about 1 per kilogram, the value of the raw minerals reclaimed from the process is only about a third of that.Another way to look at the cost of extraction of lithium from old batteries is that it is 5 times more expensive than mined lithium. https://www.instituteforenergyresearch.org/renewable/the-afterlife-of-electric-vehicles-battery-recycling-and-repurposing/
You’re not thinking into the future, eventually, and it maybe a long ass time, electric vehicles will completely outperform ICE. Cost/benefits included. Recycling included. This is like hanging onto vacuum tubes after the IC was out. It lasted for awhile, but eventually..