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The N is the new high-performance addition to the Ioniq 5 lineup and will arrive in March 2024 as a 2025 model. It features a host of go-fast enhancements over the regular Ioniq 5 with some similarities to the Kia EV6 GT. The price of the 2025 Hyundai Ioniq 5 N starts at $67,495. The Ioniq 5 N is offered in a single trim and with few options. Really, the only choice to make here is a color.

All Ioniq 5 N's come with a dual-motor, all-wheel drive configuration that makes 601 horsepower—most of the time. When the N Grin Boost feature is used, the powertrain can temporarily spin up to a maximum of 641 horsepower. Its all-wheel-drive system gives drivers the ability to distribute the bulk of that power to the front or rear wheels as desired. There's even a dedicated drift mode that inspires enough confidence to let you hang the tail out in lurid slides. Four different modes (Eco, Normal, Sport, and N) adjust the steering weight, damping, and throttle sensitivity. There are also Endurance and Sprint modes to either preserve the Ioniq 5 N's battery range or unlock maximum power for tasks such as qualifying or drag racing.

To make the N feel more like a high-performance gas-powered car with a multi-speed automatic, Hyundai has programmed in a simulated gearshift feature that replicates the feel of a shift when you pull the steering-wheel-mounted paddles. (The system can be turned on and off.) During our initial test drive, which was conducted solely on a racing circuit, we found that the 5 N does a commendable job of tracking straight during all-out launches and under hard ABS engagement on mixed-traction surfaces. Handling is balanced and controllable when you want it to be but the drift mode allows you to hang the tail out when you want to have more fun. On the road, the Ioniq 5 N can be as comfortable as a standard Ioniq 5 or, dialed up to its sportiest settings, transformed into a corner-conquering hero.

The Ioniq 5 N comes with an 84.0-kWh battery pack that can charge on a DC connection at up to 238 kW. The EPA estimates the Ioniq 5 N's range at 221 miles of mixed driving per charge. On our highway fuel-economy test route, we managed a decent 190 miles before the battery depleted. Hyundai says the Ioniq 5 N can complete two laps of the Nürburgring Nordschleife before losing any of its performance. The company also claims that in Endurance mode it can complete twenty minutes of track time, recharge in another 20 minutes on a DC connection, and then complete another 20 minutes of track time.

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