diff --git a/.github/workflows/release-bump-version.yml b/.github/workflows/release-bump-version.yml
index 02d0c6822..0aeb27ab9 100644
--- a/.github/workflows/release-bump-version.yml
+++ b/.github/workflows/release-bump-version.yml
@@ -87,4 +87,4 @@ jobs:
           echo "    > https://github.com/${{ github.repository }}/releases/tag/untagged-XXXXXX" >> $GITHUB_STEP_SUMMARY
           echo "    # Use the generated URL to review/edit the release notes." >> $GITHUB_STEP_SUMMARY
           echo "\`\`\`" >> $GITHUB_STEP_SUMMARY
-          echo "Once the release is tagged, another GitHub Action workflow automatically moves the floating \`v1\` tag to point at this release." >> $GITHUB_STEP_SUMMARY
+          echo "Once the release is tagged, another GitHub Action workflow automatically moves the floating \`v2\` tag to point at this release." >> $GITHUB_STEP_SUMMARY
diff --git a/.github/workflows/release-move-tracking-tag.yml b/.github/workflows/release-move-tracking-tag.yml
index ab35b42fd..a3edb7163 100644
--- a/.github/workflows/release-move-tracking-tag.yml
+++ b/.github/workflows/release-move-tracking-tag.yml
@@ -40,11 +40,11 @@ jobs:
           token: ${{ steps.generate_token.outputs.token }}
 
       - name: Move the tracking tag
-        run: git tag -f v1
+        run: git tag -f v2
 
       - name: Push the new tag value back to the repo
-        run: git push -f origin refs/tags/v1
+        run: git push -f origin refs/tags/v2
 
       - name: Set summary
         run: |
-          echo ":rocket: Successfully moved the \`v1\` tag to point at release: ${{ github.event.release.name }} with SHA: \`$GITHUB_SHA\`." >> $GITHUB_STEP_SUMMARY
+          echo ":rocket: Successfully moved the \`v2\` tag to point at release: ${{ github.event.release.name }} with SHA: \`$GITHUB_SHA\`." >> $GITHUB_STEP_SUMMARY
diff --git a/.nvmrc b/.nvmrc
index 431076a94..035651d12 100644
--- a/.nvmrc
+++ b/.nvmrc
@@ -1 +1 @@
-16.16.0
+20.7.0
diff --git a/README.md b/README.md
index aa1720b8f..a6e6d6a18 100644
--- a/README.md
+++ b/README.md
@@ -204,7 +204,7 @@ jobs:
   1. Run the action to generate a version bump PR.
   2. Merge the PR.
   3. Tag that merge commit as a new release using the format `v1.2.3`. The job summary contains a URL pre-populated with the correct version for the title and tag.
-  4. Once the release is tagged, another GitHub Action workflow automatically moves the `v1` tracking tag to point to the new version.
+  4. Once the release is tagged, another GitHub Action workflow automatically moves the `v2` tracking tag to point to the new version.
 
 </p>
 </details>
diff --git a/action.yml b/action.yml
index d1cf2a792..42645cb1f 100644
--- a/action.yml
+++ b/action.yml
@@ -51,5 +51,5 @@ outputs:
   maintainer-changes:
     description: 'Whether or not the the body of this PR contains the phrase "Maintainer changes" which is an indicator of whether or not any maintainers have changed.'
 runs:
-  using: 'node16'
+  using: 'node20'
   main: 'dist/index.js'
diff --git a/jest.config.js b/jest.config.js
index e4cd261d3..ee190c595 100644
--- a/jest.config.js
+++ b/jest.config.js
@@ -2,5 +2,6 @@ module.exports = {
   preset: 'ts-jest',
   transform: {
     '^.+\\.(ts|tsx)?$': 'ts-jest'
-  }
+  }, 
+  reporters: [['github-actions', {silent: false}], 'summary']
 }
diff --git a/package-lock.json b/package-lock.json
index 30954cf90..e26ffba3e 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "dependabot-pull-request-action",
-  "version": "1.7.0",
+  "version": "2.0.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "dependabot-pull-request-action",
-      "version": "1.7.0",
+      "version": "2.0.0",
       "license": "MIT",
       "dependencies": {
         "@actions/core": "^1.10.0",
@@ -35,8 +35,8 @@
         "yargs": "^17.7.2"
       },
       "engines": {
-        "node": ">=16.0.0",
-        "npm": ">=7.10.0"
+        "node": ">=20.0.0",
+        "npm": ">=10.0.0"
       }
     },
     "node_modules/@aashutoshrathi/word-wrap": {
diff --git a/package.json b/package.json
index a44e4ce04..2264ab533 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "dependabot-pull-request-action",
-  "version": "1.7.0",
+  "version": "2.0.0",
   "description": "Parse Dependabot commit metadata to automate PR handling",
   "main": "dist/index.js",
   "scripts": {
@@ -16,8 +16,8 @@
     "approve"
   ],
   "engines": {
-    "node": ">=16.0.0",
-    "npm": ">=7.10.0"
+    "node": ">=20.5.0",
+    "npm": ">=10.0.0"
   },
   "author": "dependabot",
   "license": "MIT",