Plenty of Lithium, Helium and strategic metals on the Moon and on Asteroids. There is currently a low profile Space race going on to set up Moon Mining bases
Its already a problem, Theres a shortage of motor mechanics, and an even shorter shortage of motor mechanics who can fix EV's.
Theres also an Electric F3 , but its like watching go karts. I suspect motor sports will continue with petrol engines, but it will slowly die out and some other sport will replace it all.
The point here is it needs Fusion Power to make this work, where you get enough power out of 3 grams of Hydrogen to power a city the size of London for a day. Only by building huge numbers of Fusion plants is there going to be enough power. Theres been huge advances made recently and its just at our fingertips, 10-15 years tops we'll have a working fusion plant.