diff --git a/scripts/versions.sh b/scripts/versions.sh
index f7602caf3c..c898e2921e 100644
--- a/scripts/versions.sh
+++ b/scripts/versions.sh
@@ -1,7 +1,7 @@
 #!/usr/bin/env bash
 
 # Set up the versions to be used
-subnet_evm_version=${SUBNET_EVM_VERSION:-'v0.2.9'}
+subnet_evm_version=${SUBNET_EVM_VERSION:-'v0.3.0'}
 # Don't export them as they're used in the context of other calls
 avalanche_version=${AVALANCHE_VERSION:-'v1.8.0'}
 network_runner_version=${NETWORK_RUNNER_VERSION:-'v1.2.1'}