I tentatively assume that allowing the cars to recover an unlimited amount of energy from rear braking would make turning too easy and/or speeds too high. The rules of F1 are mainly designed to prevent those two things.
The new 1.6l V6 are more expensive than the previous generation of 2.4l V8's (which were homologated for 10 years).
Formula 1 is a sport as well as a technology industry and the regulations are constructed for many different reasons - competitiveness, safety, cost, feasability etc.