How could I create a webapi of the .NET 5 version using the dotnet cli?

Whenever I run the dotnet new webapi I am getting the .NET Core 3.1 project. I have the .NET 5 installed locally. How could I make the .NET 5 a default version for the dotnet cli?

I tried running the

$ dotnet new webapi --framework "net5.0"

but it gives me an error:

Couldn't find an installed template that matches the input, searching online for one that does...

Here is the result of running the dotnet --info:

$ dotnet --info
.NET Core SDK (reflecting any global.json):
 Version:   3.1.301
 Commit:    7feb845744

Runtime Environment:
 OS Name:     Windows
 OS Version:  10.0.19041
 OS Platform: Windows
 RID:         win10-x64
 Base Path:   C:\Program Files\dotnet\sdk\3.1.301\

Host (useful for support):
  Version: 5.0.7
  Commit:  556582d964

.NET SDKs installed:
  3.1.301 [C:\Program Files\dotnet\sdk]

.NET runtimes installed:
  Microsoft.AspNetCore.App 3.1.5 [C:\Program Files\dotnet\shared\Microsoft.AspNetCore.App]
  Microsoft.AspNetCore.App 5.0.7 [C:\Program Files\dotnet\shared\Microsoft.AspNetCore.App]
  Microsoft.NETCore.App 3.1.5 [C:\Program Files\dotnet\shared\Microsoft.NETCore.App]
  Microsoft.NETCore.App 5.0.7 [C:\Program Files\dotnet\shared\Microsoft.NETCore.App]
  Microsoft.WindowsDesktop.App 3.1.5 [C:\Program Files\dotnet\shared\Microsoft.WindowsDesktop.App]

To install additional .NET runtimes or SDKs:
  https://aka.ms/dotnet-download

Solution

dotnet new webapi -o projectName --framework "net5.0"

NB: Change projectName to the name of your project.