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Hyundai Ioniq 5 N: price, specs and news in Australia


How much does the Ioniq 5 N cost? We keep track of the pricing of the sporty EV for the Australian market

The Hyundai Ioniq 5 N a high-performance version of the brand’s Ioniq 5 midsize electric SUV. Like its donor car, it has dual-motor AWD – but with a bespoke, high-RPM rear motor, N-developed cooling and track-specific hardware, it’s a different animal.

The capabilities of the Ioniq 5 N were foreshadowed by the Hyundai RN22e concept car, which we’ve reviewed. The N-fettled Ioniq 5 is also related to the Kia EV6 GT (review), but the vehicles are not mechanically identical.

Pricing for Q1 2024 launch announced September 2023

Ahead of its early 2024 release date in Australia, the Hyundai Ioniq 5 N electric sports SUV has been priced at $111,000 before on-road costs.

Just one high-specification variant will be available at launch with two available options: matte paint ($1000) and the transparent Vision Roof ($2000).

Hyundai Ioniq 5 N 2023 front 3/4
The Ioniq 5 N (pictured) will arrive in Q1 2024 with a price of $111,000 before on-road costs.

Standard specification takes in a dual-motor AWD system providing up to 478kW of power in an overboost mode, forged 21-inch wheels and Pirelli P-Zero tyres, 400mm four-piston front brakes and an extensive body kit.

Notably, the Ioniq 5 N’s maximum power output is double that of the previously top-end Ioniq 5 AWD model that produces 239kW/605Nm. It is also more power than you get in a Tesla Model Y Performance ($92,020).

The sporty model will be good for a 0-100km/h sprint of 3.4 seconds, Hyundai claims, on the way to a top speed of 260km/h thanks to a 21,000rpm rear motor. The component is shared with the Kia EV6 GT but the Ioniq 5 N’s cooling is bespoke.

Hyundai Ioniq 5 N 2023 interior close
Just one high-specification version of the Ioniq 5 N will come to Australia at first.

The Ioniq 5 N gains a larger battery than its siblings. Hyundai states that the size is 84.0kWh but further testing is required to determine how much of that capacity is actually usable.

Hyundai has not yet made a driving range claim for the Ioniq 5 N. We estimate it will be around 375-400km highway and 450km in town – much less on track, though senior Hyundai engineers claim the Ioniq 5 N will be suitable for racetrack use.

N versions of the Ioniq 5 can also be spotted by their ‘luminous orange’ lower highlight line, lip spoiler and an air curtain front fascia that replaces waterfall running lights from the standard car. Exterior colours are listed below.

Hyundai Ioniq 5 N 2023 rear 3/4
The Ioniq 5 N has a bespoke rear motor and track-specific cooling hardware.

Inside, the Ioniq 5’s airy interior has been transformed around a dark theme with sports seats, an N-specific steering wheel, metal pedals, performance mode shortcuts and unique infotainment graphics.

Australia’s first allocation of the much-anticipated Ioniq 5 N will be determined during a 12-hour pre-sale event on September 15.

From 12.00pm (Australian Eastern Standard Time) until midnight on that date, Australians will be able to specify an Ioniq 5 N on the Hyundai website in return for a $2000 deposit.

2024 Hyundai Ioniq 5 N burnout
The standard N Drift Optimiser mode will be demonstrated at the World Time Attack Challenge this month.

The first batch of Aussies to sign up for an Ioniq 5 N will receive an N brand merchandise package with their car that includes two limited-edition N Pelican cases and a torch.

Hyundai will showcase the capability of the Ioniq 5 N’s drift optimiser software at the World Time Attack Challenge in Sydney on September 1-2 when Japan’s ‘drift king’ Keiichi Tsuchiya will demonstrate the vehicle.

Available Ioniq 5 N colours (September 2023)

  • Gloss colours at no cost: performance blue, abyss black, cyber grey, Ecotronic grey, atlas white, Soultronic orange
  • Matte colours (+$1000): performance blue matte, atlas white matte, gravity gold matte

Ioniq 5 N options (September 2023)

  • Matte paint: $1000
  • Vision roof: $2000

Hyundai Ioniq 5 N pricing (September 2023):

  • Ioniq 5 N (gloss paint, no sunroof): $111,000 before on-road costs