We shouldn’t automatically reach to government intervention to solve every one of our pet peeves.
I don’t buy random gadgets that require cloud support from no-name companies for precisely this reason. You’re free to do the same. Eternal support for your consumer electronics is not a fundamental human right.
I am simply suggesting that the question of “How long will the manufacturer maintain the service this device depends on?” should fall in the category of those sorts of questions, and not the “Will this device kill me if I plug it into the wall?” category that regulation should be reserved for.
Most consumer protection laws are not about hazard and safety. For example, credit card companies having to refund fraudulent transactions has nothing to do with safety and everything to do with protecting people in the vastly power-imbalanced bank-client relationship.
That one is definitely part of the car upgrade treadmill rather than fully supported by evidence. It's also far from universal.
(See also "e-call", the EU proposal that cars should automatically text their location to the police when involved in an accident)