"Bram Murton, a geologist with the UK’s National Oceanography Centre, says that if all the cars on Europe’s roads are electric by 2040, and if they use the same kind of batteries as the Tesla Model 3, that would require 28 times more cobalt than is produced right now." "At the moment more than 60% of all cobalt comes from the Democratic Republic of Congo. For decades allegations of corruption and human rights abuses…
However the massive difference with drilling for petrol is that petrol has a drill and burn lifecycle. You drill once, then burn it, then you need to drill more. Cobalt for instance will be put in batteries that will be charged and discharged numerous time before reaching their end of life. Then the car battery will be re-used in grid-scale battery storage, then finally recycled to be put in a car again (or phone or whatever else)
So although I dislike the idea of more mining, I can see how the situation switches from use once to use thousands of times and how it's a slight improvement on our current situation (climate change aside).