Hyundai has released Canadian pricing for the upcoming IONIQ 5 N, the performance version of the Hyundai IONIQ 5 and the first fully electric offering from the automaker’s N performance brand, and it won’t be cheap.
According to Hyundai, the IONIQ 5 N is the fastest vehicle in their lineup, coming with 641 horsepower (478kW). This amount of power is only available for 10 seconds, when what the company calls ‘N Grin Boost’ mode is engaged, allowing the IONIQ 5 N to reach 60mph in 3.4 seconds.
That performance will come at a price though, as it will also by Hyundai’s most expensive vehicle in Canada. The IONIQ 5 N will only come in an all-wheel drive (AWD) trim, priced at $78,199, not including a freight charge of $1,950. This makes the IONIQ 5 N more than $15,000 more expensive than a well-equipped non-performance trim of the IONIQ 5.
The IONIQ 5 N is also priced around $10,000 more expensive than the Tesla Model Y Performance, which starts at $69,990 and comes with similar or better specs in many categories.
The high price means the IONIQ 5 N is not eligible for the $5,000 federal iZEV incentive, unlike the Model Y Performance which became eligible earlier this year after a price drop under the $70,000 cap for the program.
According to Hyundai the IONIQ 5 N has already arrived in Canada and will appear at dealerships across the country in the coming weeks.
The IONIQ 5 N is built on the Electrified-Global Modular Platform (E-GMP) of its standard model, but incorporates N motorsport technologies to excel in three key performance areas: agility in corners, racetrack capability, and everyday sports car feel. With its two-stage inverter and a new 84 kWh battery, the car’s electric motors can achieve up to 21,000 RPM, delivering 601 horsepower without the N Grin Boost mode engaged. N Grin Boost mode, along with N Launch Control, allows for racetrack-ready acceleration, while the Track SOC function efficiently manages battery use during on the track driving sessions.
The car’s exterior features distinctive performance-driven elements to set it apart from the standard model, such as a larger rear spoiler and widened flares to accommodate larger, high-performance tires. The inside features a newly designed steering wheel with customizable drive-mode buttons, and N sport bucket seats. There are also driver-selectable N e-shift and N Active Sound+ functions that mimic the sensory feedback of traditional internal combustion engine vehicles.
