const regex = /(<text.*?<\/text>)/g;
// Alternative syntax using RegExp constructor
// const regex = new RegExp('(<text.*?<\\\/text>)', 'g')
const str = `var svgstring = '<g font-size="1.6" font-family="DejaVu Sans" stroke="none" fill="#000000"><rect x="254.01" y="50.00" width="29" height="2.24" stroke="#053581" stroke-width="0.1" fill="#b2b8c3"></rect><text x="254.21" y="51.6" font-size="1.6" font-weight="700" font-family="DejaVu Sans" stroke="none" fill="#000000">Cav.</text><text x="259.21" y="51.6" font-size="1.6" font-weight="700" font-family="DejaVu Sans" stroke="none" fill="#000000">Wire</text><text x="267.21" y="51.6" font-size="1.6" font-weight="700" font-family="DejaVu Sans" stroke="none" fill="#000000">Colour</text><text x="274.21" y="51.6" font-size="1.6" font-weight="700" font-family="DejaVu Sans" stroke="none" fill="#000000">Gauge</text><rect x="254.01" y="52.24" width="29" height="2.24" stroke="#053581" stroke-width="0.1" fill="#ffffff"></rect><text x="254.21" y="53.84" fill="#000000"> 1</text><text x="259.21" y="53.84" fill="#000000"> FPTO-20..</text><rect x="267.01" y="52.34" width="7" height="2.04" stroke-width="0.01" fill="#C1D5D9"></rect><text x="267.21" y="53.84" fill="#000000">GY</text><text x="274.21" y="53.84" fill="#000000">
0.75</text><rect x="254.01" y="54.48" width="29" height="2.24" stroke="#053581" stroke-width="0.1" fill="#fff8c6"></rect><text x="254.21" y="56.08" fill="#000000">2</text><text x="259.21" y="56.08" fill="#000000">FPTO-20..</text><rect x="267.01" y="54.58" width="7" height="2.04" stroke-width="0.01" fill="#EDEDED"></rect><text x="267.21" y="56.08" fill="#000000">WH</text><text x="274.21" y="56.08" fill="#000000">0.75</text><line x1="259.01" y1="50.00" x2="259.01" y2="56.72" stroke="#053581" stroke-width="0.1" fill="#053581"></line><line x1="267.01" y1="50.00" x2="267.01" y2="56.72" stroke="#053581" stroke-width="0.1" fill="#053581"></line><line x1="274.01" y1="50.00" x2="274.01" y2="56.72" stroke="#053581" stroke-width="0.1" fill="#053581"></line></g>'
`;
const subst = ``;
// The substituted value will be contained in the result variable
const result = str.replace(regex, subst);
console.log('Substitution result: ', result);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for JavaScript, please visit: https://developer.mozilla.org/en/docs/Web/JavaScript/Guide/Regular_Expressions