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It would indeed take a hulluva lot of AA and AAA batteries to add up to the equivalent of an EV battery, however people use a helluva lot of batteries. There are batteries in the majority of electrical items, most of which are not recycled.People throwing away AA or AAA cells would have to throw away a helluva lot to equate to a vehicle battery , besides these consumer units tend to be NiCad or NiMh cells rather than Li-Ion cells .
You may tend to have NiCad and NiMh battery powered devices, however both are relatively uncommon in electrical devices today and in the last few years. Regardless of battery chemistry they all consume limited natural resources.
Cobalt being limited is talked about because of the prevalence of lithium batteries, and it being the current battery technology for the age in which we can all - including the third world - afford and be wasteful with electrical devices.
Battery technology will move and will require another limited natural resource.