Cannot find module 'babel-preset-env'

I’m submitting a bug report

Webpack Version: 3.12

Babel Core Version: 7.0.0-beta.46 (also “@babel/preset-env”: “^7.0.0-beta.46”)

Babel Loader Version: 8.0.0-beta.2

Please tell us about your environment: Windows 10

Current behavior: Error: “Cannot find module ‘babel-preset-env’ from (root of my project)”

Expected/desired behavior:

         use: [{
            loader: 'babel-loader',
            options: {
              presets: [
                ['@babel/preset-env', { modules: false }]
              ]
            }
          }]

should load correctly, given the loader and babel versions

• If the current behavior is a bug, please provide the steps to reproduce and if possible a minimal demo of the problem along with a gist/jsbin of your webpack configuration.

Snippet. My config is very basic, otherwise

module: {
      rules: [
        {
          test: /\.js$/,
          exclude: resolve('node_modules'),
          use: [{
            loader: 'babel-loader',
            options: {
              presets: [
                ['@babel/preset-env']
              ]
            }
          }]
        }
      ]
    }

Webpack being called from a node script in this way:

const webpackConfig = require('./webpack.config.babel')('dev');

function webpackInit() {
  const compiler = webpack(webpackConfig);
  return new Promise((resolve, reject) => {
    compiler.run((err, stats) => {
      console.log(`compiler has been started`);
      if (err || stats.hasErrors()) {
        const _err = err ? err : JSON.stringify(stats.toJson('errors-only'));
        reject(_err);
      }
      resolve('webpack has been started');
    });
  })
    .then(resp => console.log(response))
    .catch(e => console.error(`Error : ${e}`));
}

• What is the expected behavior? See above. If this isn’t experienced by anyone else, I will close the issue, but I want to know if anyone is seeing this with the suggested configuration for webpack 3.x | babel-loader 8.x | babel 7.x

• What is the motivation / use case for changing the behavior? N/A