Why email is a decade behind
Email clients are not browsers. Outlook on Windows renders HTML using the Word engine, several clients strip CSS aggressively, and support for anything modern is inconsistent and slow to change.
The practical consequence for images: use JPEG and PNG, avoid WebP and AVIF, keep the markup simple, and test in the clients your list actually uses rather than assuming. The 25–35% WebP would save is not worth a broken image for a portion of your readers.