Oil is co2 'plants' from a timespan of over houndred thousend years which we burned in 50 or 100 years.
The EV components are primarily reusable.
A gas / fuel car will ALWAYS consume oil. If yo want to switch to greener energye transport systems like plant oil, you can do that, its just not very efficient in comparision to an EV car.
And if you really really ment co2 as 'plants will consume it' no they are not able to consume that excess co2. Otherwise this co2 graph wouldn't look how it looks now: https://gml.noaa.gov/ccgg/trends/
1. the amount of renewable will increase which will mean that this will not count in 50 years while gas cars will still burn fuel.
2. the overall co2 production is relevant smaller with EVs. There is probably a high correliation to co2 vs. energy (otherwise it would be weird).