Not really. As someone pointed out above, cables wear out fast. It's not like you're going to save the planet by buying one cable that will last the rest of your life. Most people go through several cables over the lifespan of a device anyway.
What it does sound like a good way to get stuck with an obsolete and substandard cable format forever, because once the One True Cable Design is mandated by government fiat, changing it to something else is going to be hell.
I think most of the comments I've seen here about cables wearing out fast have been specifically about Apple lightning cables.
In my experience, USB cables do not wear out quickly, especially if you buy braided ones. In the past 15 years or so, I think I've had a single cable fail (a cheap, crappy one that came free with something).
As a consumer, it benefits me greatly to only need one connector and charger, and the environmental argument makes a lot of sense to me too.
What it does sound like a good way to get stuck with an obsolete and substandard cable format forever, because once the One True Cable Design is mandated by government fiat, changing it to something else is going to be hell.