diff --git a/config/pre-install/v0.16.0/pingsource.yaml b/config/pre-install/v0.16.0/pingsource.yaml
new file mode 100644
index 00000000000..cd7e086b23c
--- /dev/null
+++ b/config/pre-install/v0.16.0/pingsource.yaml
@@ -0,0 +1,77 @@
+# Copyright 2020 The Knative Authors
+#
+# Licensed under the Apache License, Version 2.0 (the "License");
+# you may not use this file except in compliance with the License.
+# You may obtain a copy of the License at
+#
+#     http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+
+apiVersion: apiextensions.k8s.io/v1beta1
+kind: CustomResourceDefinition
+metadata:
+  labels:
+    eventing.knative.dev/release: devel
+    eventing.knative.dev/source: "true"
+    duck.knative.dev/source: "true"
+    knative.dev/crd-install: "true"
+  annotations:
+    # TODO add schemas and descriptions
+    registry.knative.dev/eventTypes: |
+      [
+        { "type": "dev.knative.sources.ping" }
+      ]
+  name: pingsources.sources.knative.dev
+spec:
+  group: sources.knative.dev
+  names:
+    categories:
+    - all
+    - knative
+    - eventing
+    - sources
+    kind: PingSource
+    plural: pingsources
+  scope: Namespaced
+  subresources:
+    status: {}
+  preserveUnknownFields: false
+  validation:
+    openAPIV3Schema:
+      type: object
+      # this is a work around so we don't need to flesh out the
+      # schema for each version at this time
+      #
+      # see issue: https://github.com/knative/serving/issues/912
+      x-kubernetes-preserve-unknown-fields: true
+  conversion:
+    strategy: Webhook
+    webhookClientConfig:
+      service:
+        name: eventing-webhook
+        namespace: knative-eventing
+  additionalPrinterColumns:
+    - name: Ready
+      type: string
+      JSONPath: ".status.conditions[?(@.type=='Ready')].status"
+    - name: Reason
+      type: string
+      JSONPath: ".status.conditions[?(@.type=='Ready')].reason"
+    - name: Sink
+      type: string
+      JSONPath: .status.sinkUri
+    - name: Age
+      type: date
+      JSONPath: .metadata.creationTimestamp
+  versions:
+  - name: v1alpha1
+    served: false
+    storage: false
+  - name: v1alpha2
+    served: true
+    storage: true
diff --git a/config/pre-install/v0.16.0/storage-version-migration.yaml b/config/pre-install/v0.16.0/storage-version-migration.yaml
index 0a7221959e3..09751496e00 100644
--- a/config/pre-install/v0.16.0/storage-version-migration.yaml
+++ b/config/pre-install/v0.16.0/storage-version-migration.yaml
@@ -37,4 +37,4 @@ spec:
         image: ko://knative.dev/eventing/vendor/knative.dev/pkg/apiextensions/storageversion/cmd/migrate
         args:
           - "brokers.eventing.knative.dev"
-          - "pingsources.eventing.knative.dev"
+          - "pingsources.sources.knative.dev"
diff --git a/pkg/reconciler/pingsource/pingsource.go b/pkg/reconciler/pingsource/pingsource.go
index d3eb1460b27..3c1fd85eca8 100644
--- a/pkg/reconciler/pingsource/pingsource.go
+++ b/pkg/reconciler/pingsource/pingsource.go
@@ -170,6 +170,16 @@ func (r *Reconciler) ReconcileKind(ctx context.Context, source *v1alpha2.PingSou
 			return err
 		}
 	} else {
+		if _, err := r.reconcileServiceAccount(ctx, source); err != nil {
+			logging.FromContext(ctx).Error("Unable to create the receive adapter service account", zap.Error(err))
+			return fmt.Errorf("creating receive adapter service account: %v", err)
+		}
+
+		if _, err := r.reconcileRoleBinding(ctx, source); err != nil {
+			logging.FromContext(ctx).Error("Unable to create the receive adapter role binding", zap.Error(err))
+			return fmt.Errorf("creating receive adapter role binding: %v", err)
+		}
+
 		ra, err := r.createReceiveAdapter(ctx, source, sinkURI)
 		if err != nil {
 			logging.FromContext(ctx).Error("Unable to create the receive adapter", zap.Error(err))
diff --git a/test/e2e/source_ping_test.go b/test/e2e/source_ping_test.go
index b873c4377f0..40fc8661470 100644
--- a/test/e2e/source_ping_test.go
+++ b/test/e2e/source_ping_test.go
@@ -31,54 +31,9 @@ import (
 	"knative.dev/eventing/test/lib/resources"
 	duckv1 "knative.dev/pkg/apis/duck/v1"
 
-	sourcesv1alpha1 "knative.dev/eventing/pkg/apis/sources/v1alpha1"
 	eventingtesting "knative.dev/eventing/pkg/reconciler/testing"
 )
 
-func TestPingSourceV1Alpha1(t *testing.T) {
-	const (
-		sourceName = "e2e-ping-source"
-		// Every 1 minute starting from now
-		schedule = "*/1 * * * *"
-
-		loggerPodName = "e2e-ping-source-logger-pod-v1alpha1"
-	)
-
-	client := setup(t, true)
-	defer tearDown(client)
-
-	// create event logger pod and service
-	loggerPod := resources.EventRecordPod(loggerPodName)
-	client.CreatePodOrFail(loggerPod, lib.WithService(loggerPodName))
-	targetTracker, err := client.NewEventInfoStore(loggerPodName, t.Logf)
-	if err != nil {
-		t.Fatalf("Pod tracker failed: %v", err)
-	}
-	defer targetTracker.Cleanup()
-
-	// create cron job source
-	data := fmt.Sprintf("TestPingSource %s", uuid.NewUUID())
-	source := eventingtesting.NewPingSourceV1Alpha1(
-		sourceName,
-		client.Namespace,
-		eventingtesting.WithPingSourceSpec(sourcesv1alpha1.PingSourceSpec{
-			Schedule: schedule,
-			Data:     data,
-			Sink:     &duckv1.Destination{Ref: resources.KnativeRefForService(loggerPodName, client.Namespace)},
-		}),
-	)
-	client.CreatePingSourceV1Alpha1OrFail(source)
-
-	// wait for all test resources to be ready
-	client.WaitForAllTestResourcesReadyOrFail()
-
-	// verify the logger service receives the event and only once
-	err = targetTracker.WaitMatchSourceData(sourcesv1alpha1.PingSourceSource(client.Namespace, sourceName), data, 1, 1)
-	if err != nil {
-		t.Fatalf("Error watching for data %s event in pod %s: %v", data, loggerPodName, err)
-	}
-}
-
 func TestPingSourceV1Alpha2(t *testing.T) {
 	const (
 		sourceName = "e2e-ping-source"