My guess is that one of the contributing factors is $ for equine research. A couple clients at my old job opted to run titers on their horses instead of vaccinating, but the titers ended up running around $300 with minimal markup from the vet clinic. Also, the vet mentioned that there aren't a lot of data showing what a sufficiently protective titer is for all of the horse diseases; also, for some diseases, antibody titers are not necessarily indicative of actual immunity in the face of the disease, which also means that re$earch is required to support more spaced-out dosing schedules. It is a lot more expensive to keep horses around to do research on them than small animals.
There is no 3-year rabies vaccine licensed for horses -- again, I don't think the re$earch required to license such a vaccine has been done -- so no vet is going to risk their license, not to mention state laws requiring yearly rabies shots, by recommending a 3-year vaccination schedule.
Some other possible factors that I've come up with:
- Several equine diseases are either relatively recent (WNV), are re-emerging (PHF cases seem to be on the increase in the mid-Atlantic compared to the 1990's), or are in people's minds because of increased reporting and communication (the neuro form of EHV-1), so I think some of the vaccination practices are based on some combination of fear, misconceptions, and lack of data.
- There may be some tenuous, anecdotal links between vaccines and episodes of laminitis or worsening of symptoms in horses with metabolic disease (Cushing's/IR), but I have not heard of fibrosarcomas or hemolytic anemias being associated with vaccination in horses, unlike in cats and dogs.
- Most dogs and cats stick close to home. Some dogs may go to dog parks and interact with strange dogs there, and a handful (relative to the entire population) go to dog shows, but your average house pet does not get exposed to nearly the same number of strange animals and pathogens as a horse who is boarded at a large boarding stable with high turnover and no quarantine protocols (most big barns around here just chuck the new horses into the main barn and turnouts without any sort of isolation period) and goes to shows (or is exposed to horses who go to shows) on a regular basis during the warm months.
- I don't know much about small animal vaccines, but some equine vaccines, especially PHF, are not very good at stimulating a lasting immunity and really do need to be given frequently. I live/work the mid-Atlantic, a hotbed of PHF, and the practice I used to work for, which still treats my "adopted" horses, sees multiple cases and loses one or more horses a year to PHF. They recommend vaccinating twice a year, in early spring and late spring/early summer, to try to maximize protection during mid to late summer, when the disease is at its peak, and they think that (anecdotally, of course, not a real study) this has made a big difference in mortality. Vaccinated horses still get PHF and still die sometimes, but PHF used to sweep through barns and leave horses literally walking out of their feet left and right.