If nothing else this should do quite a lot to reduce carbon emissions, and I'm only half joking here. Now if we could change fashion from fast fashion to focus on durability that would be an even bigger change. And it is not completely unrealistic: While I have no hard and fast rule to go by on how exactly this could turn out I do sense a huge opportunity for one or more smaller brands to more or less utterly disrupt…
A good start would be an iron clad right to repair law, making it illegal to include non-user replaceable batteries in any consumer electronics, and requiring anything cloud enabled to opensource the server side if they close the service.