Nothing will change until a large scale/large target hack or until ecology activists can successfully get photos of huge piles of e-waste in front of people.
Needing to trash your phone every 5 years is still ridiculously wasteful. Just stop making so many new phones. Regulate it so it's so illegal/expensive that they can't keep doing this. I can't even stop using smartphones if I wanted to, because the people who came up with 2FA decided to make the Authenticator App a mandatory part of modern life, instead of physical security keys like they should have.