A very good question, that only time will accurately tell. As others have said rechargeable batteries become less effective with time. Those who have battery powered portable computers know that after about
3 years the battery becomes noticeable less powerful and leaks charge more easily. A portable computer battery is usually considered trash after 4 or 5 years, although they still work for a short time.That brings up the point of at what point is a hybrid car battery considered not useful? Certainly the battery will probably still work somewhat after 4 or 5 yrs, but what will be the efficiency of the hybrid system when the battery is weak. Even if a battery is weak and be not very effective, I doubt the manufacturer will want to replace it.
As for the hybrid vehicles themselves I feel they have already gone silly with their designs. This system does best with an ICE which is too small for desired acceleration and hill climbing. However recent models are just hybrid technology added to an ICE which already has enough power. The Honda Accord hybrid is an example of this. A hybrid sold more for improved acceleration than fuel savings. Marketing is heading us in the wrong direction.
Another concern I have with current hybrids is the real world mileage when air conditioning and heat are required.
New diesels with new clean fuel may be in our future. Practical fuel cells are too far in the future to think seriously about.
A hybrid lover, but cautious over some current designs.