diff --git a/modules/karpenter/karpenter.tf b/modules/karpenter/karpenter.tf
index 3c7464a3..8d92a4eb 100644
--- a/modules/karpenter/karpenter.tf
+++ b/modules/karpenter/karpenter.tf
@@ -1,17 +1,14 @@
 module "karpenter" {
   source  = "terraform-aws-modules/eks/aws//modules/karpenter"
-  version = "~> 19.18.0"
+  version = "~> 20.5.0"
 
   cluster_name = var.cluster_name
 
   irsa_oidc_provider_arn          = var.oidc_provider_arn
-  irsa_namespace_service_accounts = ["karpenter:karpenter"]
-
-  create_iam_role = false
-  iam_role_arn    = var.worker_iam_role_arn
-
-  enable_karpenter_instance_profile_creation = true # Might be removed in later versions https://github.com/terraform-aws-modules/terraform-aws-eks/pull/2800/files
+  irsa_namespace_service_accounts = ["kube-system:karpenter"]
 
+  create_iam_role   = false
+  node_iam_role_arn = var.worker_iam_role_arn
 }
 
 resource "helm_release" "karpenter" {
@@ -52,14 +49,10 @@ module "karpenter-crds" {
   version = "~> 0.3.0"
 
   crds_urls = [
-    "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.sh_provisioners.yaml",
-    "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.k8s.aws_awsnodetemplates.yaml",
-    "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.sh_machines.yaml",
     "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.k8s.aws_ec2nodeclasses.yaml",
     "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.sh_nodeclaims.yaml",
     "https://raw.githubusercontent.com/aws/karpenter/${var.karpenter_chart_version}/pkg/apis/crds/karpenter.sh_nodepools.yaml",
   ]
-
 }
 
 #########################
diff --git a/modules/karpenter/templates/nodetemplate.tftpl b/modules/karpenter/templates/nodetemplate.tftpl
deleted file mode 100644
index 71022418..00000000
--- a/modules/karpenter/templates/nodetemplate.tftpl
+++ /dev/null
@@ -1,14 +0,0 @@
-apiVersion: karpenter.k8s.aws/v1alpha1
-kind: AWSNodeTemplate
-metadata:
-  name: ${node_template_name}
-spec:
-  amiFamily: ${karpenter_ami_family}
-  blockDeviceMappings:
-    ${indent(4,karpenter_block_device_mapping_yaml)}
-  securityGroupSelector:
-    ${indent(4,karpenter_security_group_selector_map_yaml)}
-  subnetSelector:
-    ${indent(4,karpenter_subnet_selector_map_yaml)}
-  tags:
-    ${indent(4,karpenter_nodetemplate_tag_map_yaml)}
diff --git a/modules/karpenter/templates/provisioner.tftpl b/modules/karpenter/templates/provisioner.tftpl
deleted file mode 100644
index 6689bb41..00000000
--- a/modules/karpenter/templates/provisioner.tftpl
+++ /dev/null
@@ -1,21 +0,0 @@
-apiVersion: karpenter.sh/v1alpha5
-kind: Provisioner
-metadata:
-  name: ${provisioner_name}
-spec:
-%{ if karpenter_provisioner_node_labels_yaml != ""}
-  labels:
-    ${indent(4, karpenter_provisioner_node_labels_yaml)}
-%{ endif }
-%{ if karpenter_provisioner_node_taints_yaml != ""}
-  taints:
-    ${indent(4, karpenter_provisioner_node_taints_yaml)}
-%{ endif }
-  limits:
-    resources:
-      cpu: 1k
-  providerRef:
-    name: default
-  requirements:
-    ${indent(4, karpenter_requirements_yaml)}
-  ttlSecondsAfterEmpty: 30
diff --git a/modules/karpenter/variables.tf b/modules/karpenter/variables.tf
index fee95f25..63a4aa65 100644
--- a/modules/karpenter/variables.tf
+++ b/modules/karpenter/variables.tf
@@ -29,7 +29,7 @@ variable "karpenter_chart_repository" {
 variable "karpenter_chart_version" {
   description = "Chart version for Karpenter"
   type        = string
-  default     = "v0.32.1"
+  default     = "v0.33.2"
 }
 
 variable "karpenter_nodepools" {