The phone gets 0 major Android upgrades though Moto isn’t the only OEM to indulge in these shenanigans. I had personally a phone from little known Techno (popular in South East Asia). Decent hardware for the price but it never went above the Android 12 it shipped with.
The Motorola phone brand has been owned by Lenovo for some years now, not the Motorola that brought the Nexus 6 and Moto X. The behavior is of no surprise. It isn’t a brand borne of pride anymore, it is just a thing that makes money, maybe.