The last one is because all html in Elm are just regular Elm functions. This means no special syntax to manipulate html, and you have the power of all of Elm at your fingertips, without shoehorning it into a new syntax. [1]
Honestly some quite silly arguments...
[0] You can read some of the benefits on the style here https://github.com/avh4/elm-format/blob/master/README.md
[1] Explained a bit down the page https://guide.elm-lang.org/architecture/user_input/buttons.h...