Is there a source for this claim ?. My workmate has a lithium battery e-bike, has done thousands of miles on it, but the battery needed replacing last year at 4 years old. The thing abotu a Prius is that the battery is only a supplement to a petrol engine, not the other way around. You can still drive them on petrol even when they are knackered.
The batteries in the Prius are nickel metal hydride (or at least were, they may be using lithium ion/iron phosphate by now, can't be arsed to find out) and it has a sophisticated charge management system to maintain charge in the 30-70% range - all of which optimises the life of a battery which is already far longer lived than conventional Li-ion batteries. Your workmate's e-bike will have had to endure full charge/discharge cycling and stood for long periods fully charged - both of which shorten its life expectancy (of a battery chemistry which already has a rather short lifetime). In other words, you're not comparing like with like.
The idea of regenerative braking is to recover the energy lost in stop/start driving which is typical of much urban driving. It works. The engine is only turned on for periods to maintain battery charge -
at the speed at which it is most efficient so uses the least fuel. That works fairly well too, though you're probably better off most times with a diesel in a small car....
<must... resist... commenting on Mars and Venus's atmospheres... >