Colors not working in Powershell env

Using the Cluster API CLI clusterctl prints the output with color on linux and mac environments, but the same does not work for Windows PowerShell and cmd. The output includes the Raw ANSI codes instead making it unreadable. The current workaround is to set the NO_COLOR env variable to turn off color completely, resulting in a readable, but colorless output.

Is there a way to configure the library to get the correctly colored output on Windows environments?