Of note: starting with One D&D, they are officially dropping the term "Race". This isn't something that's being tested; they're definitely moving on from that term.
The new term they are floating is "Species" which imo is a completely lateral move that offers exactly all of the exact same baggage that the term "Race" carries.
You can however give feedback on "Species". "Race" is definitely out, but "Species" isn't necessarily in.
I'm not sure what the best solution here is really. I do think that "race" is misused when it is applied to dividing humans into different groups. However, I actually do think elves and dwarves, etc., qualify as actual different races, so I have felt the term race is appropriate for them.
I understand that the term is just too fraught for some folks and maybe it's time to move on. I think "Species" solves exactly nothing in that respect. I guess "Heritage" or "Ancestry" might be a bit better.