The N Vision 74 is a rear-wheel-drive coupe driven by two electric traction motors, both on the rear axle; power is provided by both a storage battery and a hydrogen fuel cell.

"[7] Although the 1974 Pony Coupe Concept designed by Giorgetto Giugiaro was a static model when exhibited at the Turin Motor Show, sketches and blueprints were prepared for a production version that never came to fruition, as there was no suitable engine nor was there a business case to bring it to market.

[8] In addition to the production Hyundai Pony,[3] Italdesign and Giugiaro were responsible for designing similar wedge-shaped sports cars at around the same time, including the BMW M1 and Lotus Esprit.

[11] A follow-up N Day event was held in September 2022 for the automotive press, which had the opportunity to drive the prototype on the Bilster Berg track in Germany.

[7] In December 2023, it was reported that Hyundai had confirmed plans to produce 100 units of the N Vision 74, with 70 cars sold to public customers and the other 30 reserved for racing.

"[2] The N Vision 74 is equipped with dual electric traction motors (both fitted to the rear axle) with a combined output of 670 hp (500 kW) and 664 lb⋅ft (900 N⋅m) of torque, drawing from a 62.4 kW-hr battery pack and hydrogen tanks storing 4.2 kg (9.3 lb) for an on-board fuel cell.

[2] Hyundai claims the car can accelerate to 60 mph (97 km/h) in four seconds[19] and has a range (including use of the fuel cell as a range-extending auxiliary power unit) of more than 372 mi (599 km)[20] under the WLTP cycle.