EPS is cheaper and more readily available worldwide. And consumers choose cheaper more often than not.
If EPS had been the starting point for everyone, then PUPE might have never been a thing. Poly would feel heavy, and sluggish compared to the accustomed accepted as "natural" feel of EPS. Then adaptation to newer XTR and Varial type foams could have evolved to the norm possibly. HST, surfers are stereotyped as cheap, impatient, and often lazy. Poly construction lines up pretty well with that so it might have been hard to stop from being our "natural" unless it didn't exist.
Many entrants are now starting with EPS constructions and staying with them. Poly might become the weird feel for most over time. The other newer foams or more complicated EPS/Epoxy constructions may be seen as the next step in progression when ordering or buying a board. Currently you might get to those long after riding poly, more standard EPS or Asian EPS constructions.