In a surprise move, Hyundai has slashed lease prices for its flagship performance EV, the 2025 Ioniq 5 N, by $150 per month—a dramatic discount that could accelerate mainstream adoption of high-performance electric vehicles. The new deal, effective immediately, positions the 641-horsepower hot hatch as a shockingly accessible alternative to gas-powered rivals like the Porsche Macan EV.
According to industry analysts, the aggressive pricing shift follows slower-than-expected lease uptake for Hyundai’s halo EV. "Demand for performance EVs remains niche, but this cuts through the noise," says Electrek, which first reported the deal. Under the revised terms, lessees can now drive off in the Ioniq 5 N for as low as $549/month (36 months, $4,999 due at signing), down from $699/month. The offer includes Hyundai’s signature coverage: complimentary charging via Electrify America, 10-year battery warranty, and 3 years of maintenance.
Why the discount?
Hyundai’s gamble appears twofold: clear 2024 inventory ahead of Q4 shipments and counter Tesla’s recent Model 3 Performance lease deals. The Ioniq 5 N isn’t just fast—it’s a tech showcase with drift mode, simulated gear shifts, and N e-shift software mimicking dual-clutch thrills. Yet its $66,100 base price still hurdles many buyers. As one dealer confided: "Leasing was the barrier. At $550/month? Suddenly it’s on every enthusiast’s spreadsheet."
Explore the Ioniq 5 N’s specs and available incentives here.
Industry watchers note the timing aligns with Hyundai’s broader electrification push. The brand recently pledged to invest $28 billion in EVs by 2030, and the Ioniq 5 N—built on Hyundai’s flexible E-GMP platform—is its engineering statement. "This isn’t just a price cut; it’s a strategic volley," says EV analyst Maria Chen. "Hyundai’s telling legacy automakers: We’ll fight for performance EV dominance."
The deal’s fine print:
- Availability: Only through September 30, 2025
- Scope: Applies to all trims, including the $74,000 N eN1 Cup package
- Tax edge: Lease customers bypass the $7,500 federal credit income cap
Read Electrek’s full breakdown of the lease terms here.
The Bottom Line
For driving enthusiasts, this transforms the math. At $549/month, the Ioniq 5 N undercuts Audi’s SQ8 e-tron ($899/month) and BMW’s i4 M50 ($739/month). With Hyundai absorbing the depreciation risk, the lease deal could lure petrolheads into EVs sooner than expected—proving that performance and pragmatism might finally share the garage.
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