As part of the transition of perpetual licensing to new subscription offerings, the VMware vSphere Hypervisor (Free Edition) has been marked as EOGA (End of General Availability). At this time, there is not an equivalent replacement product available.
For further details regarding the affected products and this change, we encourage you to review the following blog post: https://blogs.vmware.com/cloud-foundation/2024/01/22/vmware-end-of-availability-of-perpetual-licensing-and-saas-services/