Technically, there are no direct races to choose from in the world, but indirectly, other fragments of monoliths (worlds) are approaching the Runelight world (the one where the player appears) that can be raided or established relationships, which means that we can add any race to one of these fragments (worlds), the main thing is to add it beautifully (lore and world). I can't promise an elf race in the near future, but it will still be an event in one of the months.
Well, according to the game's lore, our monolith (what illuminates the Runelight world) is a predator, so we won't be able to play as the elves, we will either destroy their world or help.