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Hyundai Ioniq 5 N 2024 review


“Never just drive.”

That’s the motto for Hyundai’s high-performance N division and it’s been the guiding principle for each model the brand has developed. Up until now it’s been a fairly easy task, as Hyundai N has followed the tried and tested path of building hot hatches with turbocharged petrol engines.

Now, though, it is attempting something few other brands have tried and very few have even come close to achieving - building an electric performance car that’s actually fun to drive.

Because while there is no doubt there are plenty of very, very fast electric cars, at least when it comes to acceleration, thanks to the near-instant torque electric motors provide, there are only single-digit EVs that can truly be considered ‘driver’s cars.’

To put it simply, when it comes to electric cars - fast is easy, fun is not.

But fun is part of Hyundai’s N division DNA. The three core pillars that all N cars need to meet are - corner rascal, racetrack capability and everyday sports car - and none of those are easy for an EV.

So, there was a lot of pressure on the team developing the Hyundai Ioniq 5 N, the first all-electric member of the N family. Knowing that beating the fastest 0-100km/h times would require too many compromises, and keeping the three core pillars front of mind, driving enjoyment was the key focus for the development - not headline-grabbing figures.

To find out if the company has succeeded, we spent two days behind the wheel, first experiencing it on some of the best driving roads in New South Wales and then hitting the track at Sydney Motorsport Park.

Price and features – Does it represent good value for the price? What features does it come with? 8/10

The second question is easy to answer, the first is not. So let’s get the easy part out of the way and dive into what the Ioniq 5 N comes with, because Hyundai Australia is offering a single trim level with very limited options.

Beyond the obvious performance upgrades (which we’ll detail later), some of the standard equipment highlights include LED front and rear lighting, vehicle-to-load functionality, a head-up display, leather and Alcantara upholstery, Hyundai’s Bluelink connectivity, twin 12.3-inch digital displays and an eight-speaker Bose premium sound system. The only optional extras are a glass roof for $2000 and matte paint, which costs an extra $1000.

Beyond the obvious performance upgrades, some of the standard equipment highlights include LED front and rear lighting. Beyond the obvious performance upgrades, some of the standard equipment highlights include LED front and rear lighting.

The starting price of the Ioniq 5 N is a new high for Hyundai, at $111,000 (plus on-road costs), pushing the brand into six-figures for the first time in its local history. Obviously the brand has made significant strides in recent years in terms of its quality and image, but even so this is a watershed moment and pushes it into a new area of the market. 

Even regardless of how much the brand has improved, it’s an enormous price jump for the brand, with its next most expensive model - the Ioniq 6 AWD Epiq - costing $25,500 less.

Features twin 12.3-inch digital displays and an eight-speaker Bose premium sound system. Features twin 12.3-inch digital displays and an eight-speaker Bose premium sound system.

It’s a lot of money for a Hyundai. It’s a lot of money for a mid-size SUV. It’s a lot of money for an electric car. In fact, there’s only one way to look at it as not expensive and that’s on a kilowatt-per-dollar equation. It’s only when you crunch these numbers that the Ioniq 5 N does start to look a bit more appealing. The Hyundai works out at a cost of $232 per kilowatt, compared to $360/kW for the similarly priced BMW M2 (from $121,700), $570/kW for the similarly powered Audi RS e-tron GT and $981/kW for the benchmark sports car, the Porsche 911.

So while it’s certainly not cheap, on a bang-for-your-buck basis it does make a more compelling prospect and look much better value than the initial asking price may suggest.

Interestingly, Hyundai managed to sell out its initial allocation of 126 Ioniq 5 N in a matter of hours, however, for whatever reasons (Hyundai wasn’t specific) it has only locked in less than 80 initial orders to customers.

Design - Is there anything interesting about its design? 8/10

The Ioniq 5 N is longer, wider and lower than the standard Ioniq 5, further blurring the line between ‘large hatch’ and ‘compact SUV’ that the model has straddled since its arrival.

  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design
  • 2024 Hyundai Ioniq 5 N I Design 2024 Hyundai Ioniq 5 N I Design

This growth is thanks to unique front and rear bumpers, side sills, rear spoiler (which is 100mm longer than the standard car) and a rear diffuser - all highlighted by this N-exclusive bright orange stripe that runs around the entire car. It also sits lower, for a more purposeful stance, with a two-tone black lower section to further enhance its sporty look.

The more dynamic look is completed by exclusive 21-inch lightweight forged alloy wheels, fitted with Pirelli P-Zero tyres, that are 20mm wider than what you’ll find on the rest of Ioniq 5 range. The more dynamic look is completed by exclusive 21-inch lightweight forged alloy wheels, fitted with Pirelli P-Zero tyres, that are 20mm wider than what you’ll find on the rest of Ioniq 5 range.

The front end features what Hyundai calls air-curtain apertures, active air flaps and a unique grille that have been designed to not only help cooling but also give the car a more aggressive look. Hyundai claims the new, permanently open grille, nearly doubles the amount of cooling fed into the motors and battery pack.

The more dynamic look is completed by exclusive 21-inch lightweight forged alloy wheels, fitted with Pirelli P-Zero tyres, that are 20mm wider than what you’ll find on the rest of Ioniq 5 range.

Practicality – How practical is its space and tech inside? 9/10

Inside, it retains the same spaciousness as the Ioniq 5, which is a trademark of the model, but gets some obvious N upgrades (and in keeping with the brand’s naming protocol, basically everything gets an ‘N’ in front of it).

That means the list of new items includes an N exclusive steering wheel, N exclusive pedals, N and Light seats, as well as N-style paperette inserts on the doors.

  • 2024 Hyundai Ioniq 5 N I Practicality 2024 Hyundai Ioniq 5 N I Practicality
  • 2024 Hyundai Ioniq 5 N I Practicality 2024 Hyundai Ioniq 5 N I Practicality
  • 2024 Hyundai Ioniq 5 N I Practicality 2024 Hyundai Ioniq 5 N I Practicality
  • 2024 Hyundai Ioniq 5 N I Practicality 2024 Hyundai Ioniq 5 N I Practicality

Notably, the new seats are fitted lower than the standard Ioniq 5, and are no longer separated by the ‘floating’ centre console, but instead there’s a fixed unit between the front occupants. The new seats are finished in leather and Alcantara with contrasting N performance blue stitching, and offer better lateral support for high-speed cornering.

The new steering wheel is finished in semi-perforated leather and features several N-specific buttons, including this bright red one marked ‘NGB’ - which stands for N Grin Boost - as well as a drive mode selector and two N Custom mode buttons.

  • 2024 Hyundai Ioniq 5 N I Boot 2024 Hyundai Ioniq 5 N I Boot
  • 2024 Hyundai Ioniq 5 N I Boot 2024 Hyundai Ioniq 5 N I Boot

The twin 12.3-inch digital displays are integrated into a single element that incorporates all the key information, with the adjustable instrument display in front of the driver and the infotainment running on the central screen.

The extensive use of leather, Alcantara and the contrasting stitching does lend the cabin a feeling of quality, which is befitting given the price of the Ioniq 5 N.

The rear space is good, on par with what you’ll find in the standard model. The boot measures 480 litres, but the under-bonnet storage is lost to the larger electric motor.

Under the bonnet – What are the key stats for its motor? 10/10

The Ioniq 5 N sits on the same e-GMP platform as the standard Ioniq 5 (and the Kia EV6 GT), but with more powerful front and rear motors. In standard settings it makes 448kW/740Nm, which is a giant leap ahead of what Hyundai has previously offered, a staggering 242kW/348Nm more than the brand’s i30 N hot hatch and its 2.0-litre turbocharged petrol engine.

But if that’s not enough, you can hit the N Grin Boost button on the steering wheel and it will give you a 10-second boost that sends power and torque to a supercar-like 478kW/770Nm.

Hyundai claims the Ioniq 5 N can take just 3.4 seconds to run 0-100km/h when N Grin Boost is engaged (and only 3.5 seconds in standard settings), which is as fast as a Ferrari Roma and Lamborghini Huracan. Hyundai claims the Ioniq 5 N can take just 3.4 seconds to run 0-100km/h when N Grin Boost is engaged (and only 3.5 seconds in standard settings), which is as fast as a Ferrari Roma and Lamborghini Huracan.

Hyundai claims the Ioniq 5 N can take just 3.4 seconds to run 0-100km/h when N Grin Boost is engaged (and only 3.5 seconds in standard settings), which is as fast as a Ferrari Roma and Lamborghini Huracan

That’s a lot of power and torque to control, so Hyundai has deployed a vast array of technologies to help transfer it to the road - again, most of them with a ‘N’ prefix just in case you forget what you’re driving. These include N Launch Control, N Torque Distribution, N Pedal and an electronic limited slip differential.

Efficiency – What is its driving range? What is its charging time? 9/10

While based on e-GMP the Ioniq 5 N uses the fourth-generation of Hyundai battery technology, replacing the standard 77.4kWh battery with a larger 84kWh unit. The extra capacity only comes with a 3.7kg weight disadvantage but allows for the significant power boost. 

Thermal management was a priority during development, as this is a key problem with most high-performance EVs struggling in this area. The company claims the goal wasn’t to set the fastest Nurburgring lap time, but rather do as many laps as possible on a charge. The result is a special ‘endurance mode’ within the N Race setting that makes the car capable of completing two laps of the Nurburgring at speed; which doesn’t sound like much but that’s more than 40km of track driving.

Under non-track conditions, range is claimed at 448km and thanks to the 800-volt electrical system, the Ioniq 5 N can plug into either 800 or 400 volt infrastructure and is capable of taking up to 350kW of ultra-fast charging.

Using a 350kW charger it will take just 18 minutes for the battery to recharge from 10 to 80 per cent. On a 50kW DC charger you’ll need 70 minutes for the same charge.

Driving – What's it like to drive? 9/10

It’s hard to know where to start because there’s so much going on with this car. The hi-tech powertrain features a raft of technologies to make it go faster and then even more gizmos to help you enjoy that high-speed drive.

The two key pieces are the N Active Sound+ and the N e-shift, which are the primary systems designed with joy rather than pure speed in mind.

N Active Sound+ is an artificial soundtrack for the car that’s integrated into the powertrain, so it matches the speed and conditions to give you an audio cue for how fast you’re driving. The sound is delivered through both internal and external speakers (eight and two respectively), so both occupants and passer-by can hear the Ioniq 5 N in action.

The two key pieces are the N Active Sound+ and the N e-shift, which are the primary systems designed with joy rather than pure speed in mind. The two key pieces are the N Active Sound+ and the N e-shift, which are the primary systems designed with joy rather than pure speed in mind.

There are three sound profiles to choose from - Ignition, Evolution and Supersonic. Ignition is a petrol-engine like the i30 N; Evolution is meant to be a futuristic EV-style noise, inspired by the brand’s RN22e and Vision Gran Turismo concepts; while Supersonic is supposed to sound like a fighter jet “with a sonic boom effect.”

In reality, Evolution and Supersonic don’t sound exactly like the brochure promises, with the latter giving the impression of a Dyson vacuum cleaner rather than an F-18 Hornet. Having said that, Ignition sounds suitably sporty and will suit those who miss the rise and fall of a revving internal-combustion engine.

Crucially, N Active Sound+ does help with the on-road driving experience. One of the biggest challenges (and, to be blunt, downsides) of EVs on a twisty country back road is the lack of engine sound dulls the sensory experience and can leave you feeling detached from the speed you’re doing. So by having a speed-matched soundtrack, even an artificial one, gives you a greater sense of speed and increases the enjoyment.

By having a speed-matched soundtrack, even an artificial one, gives you a greater sense of speed and increases the enjoyment. By having a speed-matched soundtrack, even an artificial one, gives you a greater sense of speed and increases the enjoyment.

The same can be said for N e-Shift, which is another system that isn’t truly necessary but actually adds to the overall experience. Even though the Ioniq 5 N has a single-speed transmission, N e-shift provides “virtual shift jolts” and a sound effect to create the impression that you’re changing gears, even going so far as to cut power when you hit the ‘rev limit’ - that’s not really there.

We found ourselves using both the active sound and e-shift both on the road and the track, particularly when we wanted to drive quicker. It may seem strange and it’s hard to really explain in the written word, but these additions really do add driving enjoyment. And no doubt some owners will hate it and find both gimmicks, and that’s fine, because you can turn them both off and drive the Ioniq 5 N in pure, silent electric performance mode.

Another fun-focused system is the N Drift Optimiser, which the company claims aids the driver getting into a slide and holding a drift. There’s even a ‘Torque Kick’ setting that emulates a clutch kick like you’d do in a manual car. Frankly, though, you don’t need it, just some warm tyres and the sports driving modes dialled up and this big hatch will drift into and out of any corner like a much smaller and rear-wheel drive car.

Another fun-focused system is the N Drift Optimiser, which the company claims aids the driver getting into a slide and holding a drift. Another fun-focused system is the N Drift Optimiser, which the company claims aids the driver getting into a slide and holding a drift.

But none of this is the most impressive aspect of the Ioniq 5 N. Instead, that honour belongs to the suspension. The electronically controlled semi-active dampers were developed with the Australian market in mind and had local input throughout the global engineering process and the result is the first performance EV that doesn’t ride like it has square wheels.

Until now the challenge of controlling the sheer weight of the car and its batteries, plus the added goal of agile and responsive handling typically led to a firm, uncompromising and, at times, downright uncomfortable ride.

This Hyundai, though, has a genuine level of comfort when you have it in its ‘Normal’ everyday driving mode, capable of offering compliance on the pockmarked Australian roads. Dial up ‘Sport’ and it does get noticeably firmer, but without being uncomfortably so.

This Hyundai, though, has a genuine level of comfort when you have it in its ‘Normal’ everyday driving mode, capable of offering compliance on the pockmarked Australian roads. This Hyundai, though, has a genuine level of comfort when you have it in its ‘Normal’ everyday driving mode, capable of offering compliance on the pockmarked Australian roads.

Which brings us to the final element of the driving experience we need to discuss - power. As mentioned earlier, the Ioniq 5 N is, by some margin, the most powerful production car Hyundai has ever made and it feels exactly that on both the road and the track.

Like the Porsche Taycan and Audi e-tron GT, the acceleration is so quick and so easy it can leave you feeling car sick if you indulge in it too much. It will also likely leave you without a licence if you aren’t paying attention.

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  • 2024 Hyundai Ioniq 5 N I On-Track Driving 2024 Hyundai Ioniq 5 N I On-Track Driving
  • 2024 Hyundai Ioniq 5 N I On-Track Driving 2024 Hyundai Ioniq 5 N I On-Track Driving
  • 2024 Hyundai Ioniq 5 N I On-Track Driving 2024 Hyundai Ioniq 5 N I On-Track Driving

On the racetrack the Ioniq 5 N will simply blow your mind if you’re graduating from an i30 N or i20 N. This is literally supercar-fast, running 0-100km/h in 3.4 seconds and capable of hitting 225km/h down the straight at Sydney Motorsport Park. No Hyundai has ever been this quick.

That’s great, EV has democratised power and allowed a new brand to enter this upper-echelon of performance. However, it also has the potential to be overwhelming to anyone not prepared for this level of power and speed from Hyundai - so potential owners need to be mindful of that.

Safety – What safety equipment is fitted? What is its safety rating? 9/10

As you’d expect given the price point and obvious technology focus, the Ioniq 5 N comes loaded with safety equipment. This includes all the usual passive equipment as well as Hyundai’s SmartSense suite of active safety items.

SmartSense includes forward collision avoidance, adaptive cruise control, blind-spot collision avoidance, safe exit assist and surround-view monitor.

The Ioniq 5 N is expected to retain the same five-star ANCAP score as the rest of the Ioniq 5 range.

Ownership – What warranty is offered? What are its service intervals? What are its running costs? 8/10

As with the rest of the Ioniq range, this N variant is covered by a five-year/unlimited km warranty for the car and eight years/160,000km for the battery.

Hyundai doesn’t specifically or openly offer a ‘track warranty’ as it did with the original i30 N, but the company says it will be covered for all non-competitive high-performance driving - even if that’s on a racetrack, so you can do track days (such as the annual Hyundai N Festival) with peace of mind.

Servicing intervals are every two years or 30,000km, whichever comes first, and each visit to the dealer will cost $625.

We’ve told you how clever and complex it is and how fast, but the answer you really need to hear is this - is the Hyundai Ioniq 5 N fun?

It’s a resounding yes from this reviewer. While the addition of fake noise and gear changes won’t appeal to everyone, it does add a level of driving pleasure that very few EVs can match. Coupled with the excellent suspension tuning and the immense performance, you have a game-changing car for both Hyundai as a brand and the electric car industry as a whole.

However, this level of power and speed won’t be for everyone and we can’t stress enough just how much faster than any previous Hyundai the Ioniq 5 N is. This truly does mark the start of a new era both for Hyundai N and all high-performance electric vehicles.

$111,000

Based on new car retail price

VIEW PRICING & SPECS

Score

4.4/5
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