N-thusiasts only! Hyundai Australia's most expensive electric car ready to order soon

The 2024 Hyundai Ioniq 5 N will be the Korean brand’s most expensive model, coming in at $111,000 before on-road costs.

This sits the flagship Ioniq 5 electric car well above the Palisade large SUV (topping out at $79,900), the Ioniq 6 Epiq ($88,000) and the previously range-topping Ioniq 5 Epiq ($85,000). It's also more than $10K over the $99,590 Kia EV6 GT.

While Hyundai previously planned to open orders next month and for a 12-hour window, the first round of orders will now open Thursday October 19 at 9am AEDT and will instead remain open indefinitely, with "no limit to the number of orders we will take".

If Hyundai sticks to the original plan for deposits, however, buyers will need $2000 to secure their orders, with each vehicle built to order in the chosen exterior colour, which includes Performance Blue, Abyss Black, Cyber Gray, Ecotronic Gray, Atlas white, Gravity Gold and Soultronic Orange.

Options include the Vision Roof for $2000 and matte paint for another $1000.

However, pre-sale customers will also score a gift pack valued at around $100 that includes two N-branded Pelican hard travel cases, a torch and additional merchandise branded with Hyundai’s go-fast division.

Full Australian specification for the Ioniq 5 N is available on the Hyundai website, though the car was first shown in July with 21-inch wheels, an aggressive body kit and Luminous Orange Matte exterior accents.

With an electric motor for each axle, the flagship Ioniq 5 punches out an N-worthy 448kW/740Nm, while an N Grin Boost feature can up the ante to 478kW/770Nm for short periods of time.

This allows the performance EV to accelerate from 0-100km/h in just 3.4 seconds – 0.1s quicker than its Kia EV6 GT cousin.

With an 84kWh battery, the Ioniq 5 N can travel up to 424km before needing a recharge – if drivers are diligent with the right foot.

Unique for an electric performance car though, is the N e-shift that can simulate gear changes, as well as an N Active Sound+ function for added aural noise.

Underneath, the Ioniq 5 N features extra bracing to stiffen the chassis and up-rated brakes, while steering and suspension have also been tweaked for sportier driving dynamics.

First deliveries of the Ioniq 5 N are expected in the first quarter of 2024, while the new model will be on show this weekend at World Time Attack Challenge (WTAC) in Sydney driven by ‘Drift King’ Keiichi Tsuchiya.

UPDATED FROM: 01/09/2023