Look out Tesla Model Y Performance, the first fast electric car from Hyundai is coming!

Hyundai has confirmed it will launch the new Ioniq 5 N electric performance car in 2023.

The new model is set to offer a fork in the road for the N Performance Division of Hyundai, which – until now – has specialised in go-fast petrol-powered cars and SUVs.

Now, however, the Ioniq 5 N will give the company an option for customers who are looking for a more future-proof fun car, and the brand promises it will live up to the three key pillars of N – Corner Rascal, Racetrack Capability, and Everyday Sports car.

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The brand hasn’t yet revealed styling and details of the new N model, but sources suggest more aggressive body work, bigger wheels with wider tyres, and specific colour contrast details (the iconic Performance Blue will continue!).

As for powertrain specs, nothing is yet confirmed for the 2023 Ioniq 5 N - but an educated guess would suggest that the numbers touted for the RN22e concept are possible.

That means a pair of electric motors producing a total of 430kW of power and 740Nm of torque. There is no 0-100km/h time quoted yet either, but expect it to be significantly faster than the current Techniq AWD model, which claims 5.1sec.

As with the existing Ioniq 5, the N version will run a 72.6kWh battery pack, with Hyundai’s fast-charging 800-volt E-GMP architecture allowing a fast charge from 10-80 per cent in less than 20 mins on a 350kW charger.

Brake enhancements, revised suspension and sports seats are also likely to feature, though the big interior space and terrific practicality of the standard Ioniq 5 will be largely unchanged - living up to that third pillar.