Only more expensive in terms of the initial purchase price. Maintenance and energy costs are much lower than for a gasoline bus.
Batteries tend to have a max charge/discharge cycle. Unlike a consumer car, buses see a lot more distance. I wonder how much more quickly the batteries go.
I would expect a large scale operator to recover a lot of money from the sale of those rare earth minerals.
In short, you're diverting "how often" to "meh, who cares, they're recyclable", without any validation that it negates the cost.