Upgrade from Premiere Elements 2018 to 2025

As Ann wrote, it is now a 3 year license.   It does appear that there is an upgrade price of  $79.99.   If you are not in a hurry, there is usually a holiday season sale price around $65 and a new version is typically released in late September or early October.   Scroll to near the bottom of this page and there is a link to upgrade pricing:  https://www.adobe.com/products/premiere-elements/upgrade.html