Hyundai Ioniq 5 has been one of the most sought-after cars in the local EV market since its launch back in 2021, and has now opened orders for its first performance electric car.
The Ioniq 5 N has a starting price of around $111,000, before on roads, but will be configured according to customer requests. ItsĀ headline power output of 448 kW makes it one of the most powerful electric cars in the local market.
This power is fed by an 84 kWh battery pack has been included which can be charged from 10-80% in 18 minutes at a 350 kW ultra-rapid charger.

Various external styling upgrades have also been included on the Ioniq 5, including:
- Exterior graphics
- Llip spoilerĀ
- Side-skirts to name a few.
Moving onto the inside, there are N-branded interior styling features, including:
- New steering wheel
- Sports seatsĀ
- Pedals.
All this performance is packed in a single variant with a starting price of $111,000 before on-roads. Given how much is packed into the N variant, the options list is limited and includes a vision roof Ā ($2,000) and matte paint Ā ($1,000).
When the pricing and specifications were announced, Hyundai was clear in communicating that these vehicles would be built as per the customer’s configuration. That meant that the Ioniq 5 N vehicles could not be picked up as stock vehicles from the dealers and only be ordered online.

Last month, Hyundai held a pre-sales event with customers able to get their pre-orders in early on that day.Ā
On the day, pre-sale customers were able to receive N-branded merchandise which Hyundai called āHyundai N x Pelican setā. Interested customers required a $2,000 deposit to secure this track-focused EV.
For new interested customers, the performance-orientated Ioniq 5 N can be ordered from Hyundaiās website from 9am today. Deliveries of the 448 kW powertrain-equipped electric SUV will begin in Q1 2024.

RizĀ is the founder of carloop based in Melbourne, specialising in Australian EV data, insight reports and trends. He is a mechanical engineer who spent the first 7 years of his career building transport infrastructure before starting carloop. He has a passion for cars, particularly EVs and wants to help reduce transport emissions in Australia. He currently drives a red Tesla Model 3.