2024 Hyundai Ioniq 5 N electric hot hatch price announced for Australia

The first electric Hyundai N performance car is the South Korean company’s most expensive model ever – and more than twice the price of a Hyundai i30 N hot hatch.

The 2024 Hyundai Ioniq 5 N electric ‘hot hatch’ will become the most expensive car ever to wear the Hyundai badge in Australia when pre-orders open this month.

The Ioniq 5 N will be priced from $111,000 plus on-road costs – $31,500 more than the regular Ioniq 5 Techniq all-wheel drive on which it is based.

It is comfortably the most expensive Hyundai sold in Australia – beating the Ioniq 6 Epiq electric sedan ($88,000 plus on-roads) – and is more than double the price of a top-of-the-range Hyundai i30 N petrol hot hatch ($53,700 plus on-roads).

Estimated to cost close to $120,000 drive-away – depending on where it is registered – the Ioniq 5 N is also significantly more expensive than its Kia EV6 GT relative under the skin, which lists for $99,590 plus on-road costs.

MORE: 2024 Hyundai Ioniq 5 N electric hot hatch unveiled, due in Australia next year

While the price is the highest of any Hyundai, the Ioniq 5 N is also the largest (400mm longer than an i30 N hatch nose-to-tail), most powerful, quickest-accelerating, and heaviest vehicle ever sold by the Hyundai N high-performance division.

Hyundai Australia has announced an “online pre-sale” for the first Ioniq 5 N examples due in Australia between January and March 2024, scheduled for 15 September 2023.

For 12 hours from 12:00pm AEST to midnight on 15 September, buyers will be able to configure their chosen specification and place a $2000 deposit to secure their place in the queue.

Options are limited to a panoramic ‘Vision Roof’ for $2000, and matte paint for $1000 – while customers who order in the pre-sale will receive “a special gift package” valued at $1000, including two Hyundai N-branded Pelican hard cases, a torch, and “additional N merchandise”.

A full list of standard equipment will be published closer to launch.

Available colours will include Performance Blue Matte, Performance Blue, Abyss Black, Cyber Gray, Ecotronic Gray, Atlas White Matte, Atlas White, Gravity Gold Matte and Soultronic Orange.

Hyundai Australia says the September 15 pre-sale – intended to coincide with the so-called “N Birthday”, the day the Hyundai N division was announced at the Frankfurt motor show in 2015 – will be the only opportunity to pre-order the Ioniq 5 N before launch.

“Vehicles will be built to order in each customer’s chosen combination of option(s) and exterior colour – there is no pre-configured specification for Ioniq 5 N,” Hyundai Australia says in its media release.

The first shipments of the Hyundai Ioniq 5 N are due in Australia in the first quarter of 2024 (January to March), pending any delays.

It is powered by dual electric motors developing 478kW and 770Nm in N Grin Boost mode, good for a 0-100km/h acceleration time of 3.4 seconds.

While it is based on the same technical framework as the Kia EV6 GT, a series of upgrades – including a larger 84kWh battery with newer chemistry, upgraded battery cooling, and improved brakes – are claimed to make it capable of sustained driving on a race track without overheating or a degradation in power.

For all the details on the new model, click here to read our story published at the car’s unveiling at the Goodwood Festival of Speed in July 2023.

The 2024 Hyundai Ioniq 5 N is due to make its Australian public debut at the World Time Attack Challenge at Sydney Motorsport Park this weekend, with a series of demonstration laps driven by famed drift and racing driver Keiichi Tsuchiya, who is nicknamed the “Drift King”.

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