How to create a hyperlink in iOS 14 Mail

The creation of a hyperlink, in the manner that you describe (and are accustomed on other operating systems), isn't directly supported in iOS/iPadOS. You can create a direct link to a resource address,, but cannot directly create hyperlinked text in Mail.

If you copy the link and paste it in the email, or at least type the entire web address, including the http, it should automatically turn into a link once the email is sent.