- The performance version of the Ioniq 5 EV costs $61,500, including destination fee.
- Last year’s model was priced at $67,800.
- The standard Ioniq 5 also benefited from a big price cut this year.
The 2026 Hyundai Ioniq 5 N performance electric vehicle (EV) returns, and Hyundai is slashing the price by $6,300 compared to last year’s model, the brand announced today.
The price cut comes with a significant upgrade, including a shift from a Combined Charging System (CCS) charge port to a sleeker, more accessible North American Charging Standard (NACS) port. The NACS port means access to Tesla’s vast Supercharger network.
The 2026 Hyundai Ioniq 5 N costs $61,300, including the $1,600 destination fee. The 2025 model was $67,800.
The $6,300 price cut seems somewhat aligned with the $7,500 federal EV credit that expired in September 2025. Past Ioniq 5 models qualified for the credit due to their production and battery sourcing in the U.S., but the Ioniq 5 N was imported from South Korea and did not. After the credit was discontinued, Hyundai cut the price of the standard 2026 Ioniq 5 by up to $9,000 compared to the prior year.
The 2026 Ioniq 5, which starts at $36,600, again won our Best Buy among electric vehicles (EVs).
The Ioniq 5 N specialty model crosses over the EV field into the performance/enthusiast one. Two electric motors generate 641 horsepower and 568 lb-ft of torque in boost mode, which moves it from zero to 60 mph in 3.25 seconds. It has an adaptive suspension with all-wheel drive (AWD) and is shoed in Pirelli P Zero tires. The range suffers to 221 miles, but it has fun features such as its N Grin Boost mode, artificial engine noises, and new this year, a N Drift Optimizer with 10 different stages, up from a single mode.
Additional standard features are a driver-attention monitor, and a Level 1/Level 2 combo charger, as well as a CCS adapter.
Like the standard NACS port, the price cut makes the Ioniq 5 N performance EV more accessible.
