Hyundai has sharply reduced the US price of its **Ioniq 5 N** performance electric crossover for the 2026 model year. Hyundai’s US pricing puts the car at US$61,500 including destination, down by US$6,300 from the 2025 model’s price.
At a rough exchange rate of US$1 ≈ Rs 133, this is a cut of about Rs 8.4 lakh, bringing the new starting price to around Rs 81.8 lakh (ex-US). This is before any local taxes, customs duties and dealer margins that would apply if the model is ever officially imported into Nepal.
What has changed for 2026
Despite the lower price, the 2026 Ioniq 5 N gains several feature updates compared to the current car:
- Expanded N Drift Optimizer, now offering 10 selectable stages instead of a single setting, giving drivers finer control over rear-biased, drift-style handling.
- An in-cabin camera linked to the forward attention warning system, designed to monitor driver focus more accurately.
- Auto up/down rear windows, improving convenience for rear passengers.
- A new Performance Blue Pearl exterior paint option, adding to the model’s color choices.
The latest charging interface and adapter bundle for the wider Ioniq 5 range is also part of the update, though those details may vary by market and are not yet confirmed for other countries.
Performance remains the same
The technical package of the Ioniq 5 N is unchanged. The car continues with a dual-motor, all-wheel-drive powertrain:
- Up to 641 hp in N Grin Boost mode, available for short bursts.
- Claimed 0–60 mph (0–97 km/h) time of around 3.25 seconds, putting it in the same performance band as many high-end sports cars.
This makes the Ioniq 5 N one of Hyundai’s most powerful road cars to date, positioned as a track-capable EV rather than a regular family SUV.
Why it matters for Nepali buyers
The price correction comes as Hyundai’s global EV sales remain strong even after the end of US federal EV incentives, with around 21,000 Ioniq 5 units sold in the first half of the year in the US. For Nepali buyers, the Ioniq 5 N is not officially on sale today, but Hyundai already sells the standard Ioniq 5 in Nepal and could eventually expand its performance EV line-up.
Key takeaways for Nepal:
- Global EVs, especially performance models, are becoming cheaper and better equipped year-on-year.
- If the Ioniq 5 N or similar N-branded EVs are introduced here, their pricing will start from a lower international baseline, which may help offset high local duties.
- The improvements in driver-assist tech and drift control show how quickly EVs are evolving beyond simple efficiency cars into enthusiast-focused models.
Nepal AutoMart will continue to track Hyundai’s regional plans and any announcement about Ioniq 5 N availability for South Asia, so buyers can understand the potential pricing and specifications if this high-performance EV reaches our market.
Current prices on Nepal AutoMart
- Hyundai IONIQ 5 price in Nepal: Rs 1.04 crore ex-showroom
Writes on vehicle pricing, taxation and the Nepali auto market from ongoing tracking of distributor price lists. Editorial policy.
