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Any idea when Adobe will provide support for the Nvidia Quadro P520 in Premiere Elements 2021?
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There is no way to forecast that. Premiere Elements features upgrades occur annually. There is a "beta" program where you can volunteer to help 'test' your version of a GPU.
For whatever it might be worth, I put my name into the beta program. After several weeks I got a response and my GPU was added. Some things are a little quicker. But, unless you are doing lengthy videos with a lot of tracks, adjustments and effects, you might not notice a lot of improvement.
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I have tested my card Nvidia Quadro P4000 with the patch they gave me last year but the card is not included yet!
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Go to this page and scroll down to find the place to request that you be added to the Beta program... IF you are added you will be sent a small program to run, you may need to run that program 2-or-3 times to add your card... at least that is what happened for the card in my previous build
https://helpx.adobe.com/premiere-elements/using/gpu-acceleration.html
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The idea in this may or may not work for that card