POTUS Obama use this same strategy/tactic with the ailing USA automobile industry. Huge rebates for buying a New USA-Manufacturer's cars if you destroyed particular, older, gas-guzzling cars. Big boon to the failing USA car manufacturers and an attempt to keep the Government Motors'GM brand alive. It succeeded in selling a lot of Ford cars and damaged the user car industry for years with the added benefit that poor people (and others who purchased used cars) didn't have good, reliable, used cars to purchase.
I shuddered to see a Federal Government destroying the engine in and older, but fully functional, Volvo saloon. Terribly wasteful and pitiful.
Recycle the damn things and put them in the hands of people who need them. In this country and in other countries, these older. "retired" products can still be used and offer life. Damned Obama policy!