Hyundai cuts IONIQ 5 N EV prices by $6,300

Hyundai slashed prices on the all-electric 2026 IONIQ 5 N by $6,300, making it more affordable than ever.

Hyundai reduces 2026 IONIQ 5 N price

Hyundai’s first electric N model has already started something of a trend, with a few brands, including Porsche and BMW, now borrowing some of its signature features.

For the 2026 model year, Hyundai is upping the ante. Hyundai announced on Wednesday that the 2026 IONIQ 5 N has a “substantially lower starting price” at just $59,900, or $6,300 less than last year’s model.

“Our 2026 IONIQ 5 N is one of the most critically acclaimed models we’ve ever offered,” according to Ricky Lao, director of product planning at Hyundai Motor North America.

Despite the lower price, the new 2026 model brings a few updates. For one, the 2026 IONIQ 5 N now has a native NACS port, following the standard IONIQ 5, enabling access to Tesla Superchargers without an adapter.

Other changes include an updated N Drift Optimizer mode with ten stages to choose from. Previously, only one was available.

It now also includes a dual-amp Level 1/Level 2 combination charging cable, plus CSS-to-NACS adapters for Level 2 (AC) and DC fast charging.

Outside of that, a new Performance Blue Pearl exterior color option is available, while the rear windows now feature auto down/up.

When N Grin Boost mode is active, the IONIQ 5 N delivers up to 641 horsepower and 568 lb-ft of torque for a 10-second power burst.

The virtual gear shift, called N e-Shift, is what caught most people’s attention. When paired with its N Active Sound System, the setup mimics the sound and feel of an eight-speed dual-clutch transmission.

The lower starting price comes after Hyundai cut prices on the standard 2026 IONIQ 5 by up to $9,800 last year.

So far, the reduced prices seem to be working, with the 2026 IONIQ 5 ranking as the third-most-popular EV in the US through the first half of the year.

Ready to see one in person? You can use our link to see local offers and find available 2026 Hyundai IONIQ 5 models in your area (trusted affiliate link).