npm install causes error in fresh laravel 7 project - npm

Question

I have installed a Laravel 7.29 framework using composer. After that when I try to install node packages using npm install, I get the following error:
npm WARN deprecated chokidar#2.1.8: Chokidar 2 will break on node v14+. Upgrade to chokidar 3 with 15x less dependencies.
npm WARN deprecated fsevents#1.2.13: fsevents 1 will break on node v14+ and could be using insecure binaries. Upgrade to fsevents 2.
npm WARN deprecated urix#0.1.0: Please see https://github.com/lydell/urix#deprecated
npm WARN deprecated resolve-url#0.2.1: https://github.com/lydell/resolve-url#deprecated
npm ERR! Unexpected end of JSON input while parsing near '...lus-loader":"^1.4.0",'
npm ERR! A complete log of this run can be found in:
npm ERR! C:\Users\User\AppData\Roaming\npm-cache\_logs\2020-12-08T12_58_03_608Z-debug.log
Here is my packages.json
{
"private": true,
"scripts": {
"dev": "npm run development",
"development": "cross-env NODE_ENV=development node_modules/webpack/bin/webpack.js --progress --config=node_modules/laravel-mix/setup/webpack.config.js",
"watch": "npm run development -- --watch",
"watch-poll": "npm run watch -- --watch-poll",
"hot": "cross-env NODE_ENV=development node_modules/webpack-dev-server/bin/webpack-dev-server.js --inline --hot --disable-host-check --config=node_modules/laravel-mix/setup/webpack.config.js",
"prod": "npm run production",
"production": "cross-env NODE_ENV=production node_modules/webpack/bin/webpack.js --no-progress --config=node_modules/laravel-mix/setup/webpack.config.js"
},
"devDependencies": {
"axios": "^0.19",
"cross-env": "^7.0",
"laravel-mix": "^5.0.1",
"lodash": "^4.17.19",
"resolve-url-loader": "^3.1.0",
"sass": "^1.15.2",
"sass-loader": "^8.0.0"
}
}
What is the problem with my fresh Laravel project?