Unable to mount /efi and boot into the system

After updating my system with sudo pacman -Syu my OS fails to boot. I can’t find a way to leave emergency mode and mount /efi.

Journal states:

mount: /efi: unknown filesystem type ‘vfat’.
dmesg(1) may have more information after failed mount system call.
efi.mount: Mount process exited, code=exited, status=32/n/a

efi.mount: Failed with result ‘exit-code’.

Failed to mount /efi

Dependency failed for Local File Systems.

local-fs.target: Job local-fs.target/start failed with result ‘dependency’.

Try booting the fallback image.