diff --git a/packages/gatsby-plugin-sharp/package.json b/packages/gatsby-plugin-sharp/package.json
index 1093ca9088f76..28923a70a5331 100644
--- a/packages/gatsby-plugin-sharp/package.json
+++ b/packages/gatsby-plugin-sharp/package.json
@@ -21,7 +21,7 @@
     "probe-image-size": "^7.2.3",
     "semver": "^7.3.7",
     "sharp": "^0.30.7",
-    "svgo": "1.3.2"
+    "svgo": "2.8.0"
   },
   "devDependencies": {
     "@babel/cli": "^7.15.4",
diff --git a/packages/gatsby-plugin-sharp/src/__tests__/__snapshots__/index.js.snap b/packages/gatsby-plugin-sharp/src/__tests__/__snapshots__/index.js.snap
index ea17e500aba82..5d1766c7135c9 100644
--- a/packages/gatsby-plugin-sharp/src/__tests__/__snapshots__/index.js.snap
+++ b/packages/gatsby-plugin-sharp/src/__tests__/__snapshots__/index.js.snap
@@ -5,7 +5,7 @@ Object {
   "aspectRatio": 1,
   "height": 20,
   "originalName": "test.png",
-  "src": "data:image/png;base64,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",
+  "src": "data:image/png;base64,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",
   "width": 20,
 }
 `;
@@ -1014,7 +1014,7 @@ exports[`gatsby-plugin-sharp fluid ensure maxWidth is in srcSet breakpoints 1`]
 exports[`gatsby-plugin-sharp fluid includes responsive image properties, e.g. sizes, srcset, etc. 1`] = `
 Object {
   "aspectRatio": 1,
-  "base64": "data:image/png;base64,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",
+  "base64": "data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAUCAIAAAAC64paAAAACXBIWXMAAAsTAAALEwEAmpwYAAABRElEQVQ4y7WUzUrDQBSFT37aij8UFFqFNmriZFy7s8/QF+iiz+ArCL6EGzeufBDBRVEQV67ciLgR3YgoyVju3IkxTaa2osNw4Yb57pmcOzP4jPHrib+HVYwkRiIopnPBBtjNZ2opMZnTIomPGKMuTts4W8ftFn1JJW1nGsyClwH2GwDgUIDvYLCMx4hKKBvM5ChA0yXGBTwddYa9Op5KfO4Qx94CLa2xaDbqOj1oUvWkDCda9rxjNCcGl+r4eC6KZ7Ag+LhFizxYx3VgzK+AT9o/wDebVTC7dRXQDp0Swz8S1vC6kxtUcFvpDveXtEPfSriZf0dr2jBha5XE3TYi35jEk2X7i3gXBdmqQyJxH2K4YrrtABseDlfxJqYeki9eSdreQ4iLLp2Zl8iYpGa5GCm3XWYXQ1Kq5rrPXMKG/dtjMCM8Br7rZPFvbj2AAAAAAElFTkSuQmCC",
   "density": 72,
   "originalImg": "/static/1234/7e516/test.png",
   "originalName": "test.png",
@@ -1405,7 +1405,7 @@ Object {
   "originalName": "test.png",
   "src": "/static/1234/7e516/test.png",
   "srcSet": "/static/1234/7e516/test.png 1x",
-  "tracedSVG": "data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20width='100'%20height='100'%20viewBox='0%200%20100%20100'%20preserveAspectRatio='none'%3e%3cpath%20d='M41%2024c-18%207-24%2029-11%2043%2015%2017%2044%208%2046-15%201-19-17-34-35-28'%20fill='red'%20fill-rule='evenodd'/%3e%3c/svg%3e",
+  "tracedSVG": "data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20width='100'%20height='100'%20version='1.1'%20preserveAspectRatio='none'%3e%3cpath%20d='M%2040.627%2024.468%20C%2023.010%2030.748%2c%2017.338%2053.384%2c%2029.891%2067.311%20C%2045.080%2084.160%2c%2073.671%2074.751%2c%2075.713%2052.231%20C%2077.463%2032.931%2c%2058.650%2018.044%2c%2040.627%2024.468'%20stroke='none'%20fill='red'%20fill-rule='evenodd'/%3e%3c/svg%3e",
   "width": 100,
 }
 `;
@@ -1425,6 +1425,6 @@ Object {
 /static/1234/a1812/test.png 50w,
 /static/1234/7e516/test.png 100w",
   "srcSetType": "image/png",
-  "tracedSVG": "data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20width='100'%20height='100'%20viewBox='0%200%20100%20100'%20preserveAspectRatio='none'%3e%3cpath%20d='M41%2024c-18%207-24%2029-11%2043%2015%2017%2044%208%2046-15%201-19-17-34-35-28'%20fill='red'%20fill-rule='evenodd'/%3e%3c/svg%3e",
+  "tracedSVG": "data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20width='100'%20height='100'%20version='1.1'%20preserveAspectRatio='none'%3e%3cpath%20d='M%2040.627%2024.468%20C%2023.010%2030.748%2c%2017.338%2053.384%2c%2029.891%2067.311%20C%2045.080%2084.160%2c%2073.671%2074.751%2c%2075.713%2052.231%20C%2077.463%2032.931%2c%2058.650%2018.044%2c%2040.627%2024.468'%20stroke='none'%20fill='red'%20fill-rule='evenodd'/%3e%3c/svg%3e",
 }
 `;
diff --git a/packages/gatsby-plugin-sharp/src/trace-svg.js b/packages/gatsby-plugin-sharp/src/trace-svg.js
index 0a039a50734bd..3cbadfaa8cd46 100644
--- a/packages/gatsby-plugin-sharp/src/trace-svg.js
+++ b/packages/gatsby-plugin-sharp/src/trace-svg.js
@@ -72,16 +72,17 @@ exports.notMemoizedPrepareTraceSVGInputFile = async ({
 }
 
 const optimize = svg => {
-  const SVGO = require(`svgo`)
-  const svgo = new SVGO({
+  const { optimize } = require(`svgo`)
+  const svgo = optimize(svg, {
     multipass: true,
     floatPrecision: 0,
     plugins: [
       {
-        removeViewBox: false,
+        name: `removeViewBox`,
       },
       {
-        addAttributesToSVGElement: {
+        name: `addAttributesToSVGElement`,
+        params: {
           attributes: [
             {
               preserveAspectRatio: `none`,
@@ -91,7 +92,7 @@ const optimize = svg => {
       },
     ],
   })
-  return svgo.optimize(svg).then(({ data }) => data)
+  return svgo.data
 }
 
 exports.notMemoizedtraceSVG = async ({ file, args, fileArgs, reporter }) => {
diff --git a/yarn.lock b/yarn.lock
index 0a71c69d7bd54..a4e4b5f0b8dd8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -23629,19 +23629,7 @@ svgo@1.3.2, svgo@^1.0.0:
     unquote "~1.1.1"
     util.promisify "~1.0.0"
 
-svgo@^0.7.2:
-  version "0.7.2"
-  resolved "https://registry.yarnpkg.com/svgo/-/svgo-0.7.2.tgz#9f5772413952135c6fefbf40afe6a4faa88b4bb5"
-  dependencies:
-    coa "~1.0.1"
-    colors "~1.1.2"
-    csso "~2.3.1"
-    js-yaml "~3.7.0"
-    mkdirp "~0.5.1"
-    sax "~1.2.1"
-    whet.extend "~0.9.9"
-
-svgo@^2.3.0, svgo@^2.8.0:
+svgo@2.8.0, svgo@^2.3.0, svgo@^2.8.0:
   version "2.8.0"
   resolved "https://registry.yarnpkg.com/svgo/-/svgo-2.8.0.tgz#4ff80cce6710dc2795f0c7c74101e6764cfccd24"
   integrity sha512-+N/Q9kV1+F+UeWYoSiULYo4xYSDQlTgb+ayMobAXPwMnLvop7oxKMo9OzIrX5x3eS4L4f2UHhc9axXwY8DpChg==
@@ -23654,6 +23642,18 @@ svgo@^2.3.0, svgo@^2.8.0:
     picocolors "^1.0.0"
     stable "^0.1.8"
 
+svgo@^0.7.2:
+  version "0.7.2"
+  resolved "https://registry.yarnpkg.com/svgo/-/svgo-0.7.2.tgz#9f5772413952135c6fefbf40afe6a4faa88b4bb5"
+  dependencies:
+    coa "~1.0.1"
+    colors "~1.1.2"
+    csso "~2.3.1"
+    js-yaml "~3.7.0"
+    mkdirp "~0.5.1"
+    sax "~1.2.1"
+    whet.extend "~0.9.9"
+
 sw-precache@^5.2.0:
   version "5.2.1"
   resolved "https://registry.yarnpkg.com/sw-precache/-/sw-precache-5.2.1.tgz#06134f319eec68f3b9583ce9a7036b1c119f7179"