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Your explanation makes sense, but I disagree that banning a product from sale is a good approach to phasing out the use of inefficient technologies. The curmudgeons are a small minority and probably can't be convinced to change over anyway. The bigger demographic to convert are, as you mentioned, penny-wise, dollar-foolish folks who don't understand that an LED bulb will save far more money over time than the price differential between it and the incandescent bulb. Subsidies to lower the cost of the LED bulbs to match the prices of incandescent ones would be effective, as would education campaigns about cost savings. Neither of these options would restrict citizens' rights the way the proposed ban would, nor would they feed culture war blowback.