I lost the ability to use Windows software that interfaced with devices over USB when I got my M1 MBP - or so I thought - until I learned that you can share USB devices over the network to a VM running on ESXi.
So now I have my windows ham radio programming software (uses a USB-Serial interface), my Toyota diagnostic software (uses a specialized USB-OBD2 cable) running on a VM. I can VPN into my home network and attach the devices connected to my M1 Mac to the Windows VM from anywhere.