diff --git a/deploy/kubernetes/overlays/stable/kustomization.yaml b/deploy/kubernetes/overlays/stable/kustomization.yaml
index 818d5b7b0e..5c93d0ed2b 100644
--- a/deploy/kubernetes/overlays/stable/kustomization.yaml
+++ b/deploy/kubernetes/overlays/stable/kustomization.yaml
@@ -4,7 +4,7 @@ bases:
 - ../../base
 images:
 - name: amazon/aws-ebs-csi-driver
-  newTag: v0.4.0
+  newTag: v0.5.0
 - name: quay.io/k8scsi/csi-provisioner
   newTag: v1.3.0
 - name: quay.io/k8scsi/csi-attacher