diff --git a/cmd/helm/testdata/output/version-client-shorthand.txt b/cmd/helm/testdata/output/version-client-shorthand.txt
index 1623b57d4..3b138ae77 100644
--- a/cmd/helm/testdata/output/version-client-shorthand.txt
+++ b/cmd/helm/testdata/output/version-client-shorthand.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.16", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v4.0", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-client.txt b/cmd/helm/testdata/output/version-client.txt
index 1623b57d4..3b138ae77 100644
--- a/cmd/helm/testdata/output/version-client.txt
+++ b/cmd/helm/testdata/output/version-client.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.16", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v4.0", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-short.txt b/cmd/helm/testdata/output/version-short.txt
index 4951775a9..1961bcc21 100644
--- a/cmd/helm/testdata/output/version-short.txt
+++ b/cmd/helm/testdata/output/version-short.txt
@@ -1 +1 @@
-v3.16
+v4.0
diff --git a/cmd/helm/testdata/output/version-template.txt b/cmd/helm/testdata/output/version-template.txt
index f1daff603..1c3c8f5d7 100644
--- a/cmd/helm/testdata/output/version-template.txt
+++ b/cmd/helm/testdata/output/version-template.txt
@@ -1 +1 @@
-Version: v3.16
\ No newline at end of file
+Version: v4.0
\ No newline at end of file
diff --git a/cmd/helm/testdata/output/version.txt b/cmd/helm/testdata/output/version.txt
index 1623b57d4..3b138ae77 100644
--- a/cmd/helm/testdata/output/version.txt
+++ b/cmd/helm/testdata/output/version.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.16", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v4.0", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/internal/version/version.go b/internal/version/version.go
index c9f6fad1c..aa64e618f 100644
--- a/internal/version/version.go
+++ b/internal/version/version.go
@@ -29,7 +29,7 @@ var (
 	//
 	// Increment major number for new feature additions and behavioral changes.
 	// Increment minor number for bug fixes and performance enhancements.
-	version = "v3.16"
+	version = "v4.0"
 
 	// metadata is extra build time data
 	metadata = ""
diff --git a/pkg/chartutil/capabilities_test.go b/pkg/chartutil/capabilities_test.go
index ecdf68289..502b0c7d5 100644
--- a/pkg/chartutil/capabilities_test.go
+++ b/pkg/chartutil/capabilities_test.go
@@ -62,8 +62,8 @@ func TestDefaultCapabilities(t *testing.T) {
 func TestDefaultCapabilitiesHelmVersion(t *testing.T) {
 	hv := DefaultCapabilities.HelmVersion
 
-	if hv.Version != "v3.16" {
-		t.Errorf("Expected default HelmVersion to be v3.16, got %q", hv.Version)
+	if hv.Version != "v4.0" {
+		t.Errorf("Expected default HelmVersion to be v4.0, got %q", hv.Version)
 	}
 }