Mr. Eastwood, I have hands-on experiment for you
Buy a neodymium magnet (you know, the super powerful kind that you can barely loosen without pliers). Find a piece of aluminium sheet, or even better, copper. No, wait, get one of each. Place the sheet of metal on a table, put the magnet on top. It will not stick, as aluminium (and copper) is not magnetic. Place a coin next to the magnet.
Now quickly lift one end of the metal sheet up, so that the sheet is at a 45 degree angle to the table. The coin will immediately slide onto the table, while the magnet will slide down much more slowly.
What happened was that the very powerful magnetic field through the magnet penetrated the electrically very conductive metal sheet, and when the magnet moves, its magnetic field will also move. When a magnetic field moves in the presence of an electrical conductor, electric current will be created in that conductor. This effect is called electromagnetic induction. This electric current will create a magnetic field of its own, which opposes the field that created the current in the first place, and thereby slow the fall of the magnet.
Essentially the same thing is going on inside a regenerating motor. But the motor is more refined, and is able to capture the electric current so it can be used to charge the battery, instead of going to waste as heat.
Next you can test different metals - the more conductive the metal, the slower the magnet will fall. Copper will slow the magnet more than aluminium, aluminium will slow it more than lead, and a sheet of plastic or wood will not slow it whatsoever. If the metal sheet was a superconductor, the magnet would not have moved at all.