Lexus has drastically reduced the prices for this RZ Electric SUV, with even the new flagship RZ550e F Sport undercutting every member of the pre-update range.
The RZ500e Luxury costs $84,500 (excluding on-road costs), $36,559 less than the RZ450e Luxury, while the RZ500e Sports Luxury costs $91,000 plus on-road costs – a reduction of $42,059.
These are price reductions of just over 30 percent and follow similar price cuts made to the latest updates to the RZ’s Toyota bZ4X and Subaru Solterra platform mates. bZ4X prices have been reduced by up to 15 percent and Solterra prices have been reduced by up to nine percent.
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Priced at $105,000 (excluding on-road costs), the new RZ550e F Sport sits at the top of the price range. It is the only RZ that does not fall below the luxury car tax threshold for fuel efficient vehicles, with the luxury and sports luxury vehicles now exempt from the Fringe Benefits Tax (FBT).
Thanks to revised electric motors, the twin-motor all-wheel drive RZ500e delivers 50 kW more than its predecessor, the RZ450e, increasing the total output to 280 kW. The torque remains unchanged at 537 Nm.
There is also a larger capacity battery (from 71.4 kWh to 74.7 kWh), resulting in a 16 percent increase in WLTP range to 460 km. The AC charging power has also been doubled to 22 kW.
Lexus says the RZ has also received additional bracing and body rigidity measures, as well as retuned dampers and springs front and rear, as well as measures to reduce noise, vibration and harshness.
The new RZ550e F Sport marks the first time Lexus has offered an F Sport version of its electric SUV here. It has a 77 kWh battery and a 300 kW dual-motor all-wheel drive. The WLTP range drops slightly to 437 km.
The heart of the new F-Sport variant is a steer-by-wire system with a steering fork.
Lexus says steer-by-wire “makes maneuvering easier at low speeds while providing confident stability and precise response at higher speeds,” while the fork can “rotate approximately 200 degrees from center to full left or right lock, eliminating the need for hand-over-hand movement.”
The RZ550e F Sport also features Interactive Manual Drive, which allows the rider to shift between eight simulated gears using the paddle shifters on the fork bridge.
Artificial engine noise and a virtual tachometer are among the ways Lexus engineers have tried to make the electric SUV feel like there’s a gasoline engine under the hood.
An even sportier flagship is set to arrive later in 2026 in the form of the RZ600e F Sport Performance, described as a limited edition with “strictly limited local availability”.
Pricing for the RZ600e has yet to be announced, but it will offer a more powerful 313kW dual-motor all-wheel drive and larger blue six-piston brake calipers with 400x28mm ventilated discs.
Despite the performance increase, it achieves the same 0-100km/h time of 4.4 seconds as the RZ550e.
It looks more aggressive than other RZs thanks to a 20mm reduction in ride height and the inclusion of 21-inch matte black Enkei alloy wheels, wide wheel arch moldings, a ventilated bonnet, a front lip spoiler and a two-tier rear wing. Inside, it will also feature unique decorations.
The whole thing is rounded off by a carbon fiber roof, which lowers the center of gravity of the electric SUV and reduces the curb weight.
The updated RZ is offered in seven exterior paint finishes, including the new Sonic Selente and Neutrino Gray paint finishes. The F Sport is offered with two-tone paint finishes.
The electric SUV takes on a wide range of models, including the Audi Q6 e-tron (from $99,900 before on-road launch) and the Cadillac Lyriq (currently on sale from $95,000).
Prices
| Model | Price before on-road costs |
|---|---|
| 2026 Lexus RZ500e Luxury | $84,500 |
| 2026 Lexus RZ500e sports luxury | $91,000 |
| 2026 Lexus RZ550e F Sport | $105,000 |
| 2026 Lexus RZ600e F Sport Performance | $TBA |
Drives and efficiency
| Specifications | RZ500e | RZ550e |
|---|---|---|
| Drivetrain | Double electric motors | Double electric motors |
| Battery capacity | 74.7 kWh | 77 kWh |
| Performance | 280kW | 300kW |
| Torque | 537 Nm | |
| Drive type | Four-wheel drive | Four-wheel drive |
| 0-100 km/h (claimed) | 4.6 seconds | 4.4 seconds |
| Claimed range (WLTP) | 460km | 437km |
| Max. AC charging rate | 22kW | 22kW |
| Max. DC charging rate | 150kW | 150kW |
Dimensions
The Lexus RZ is a large, five-seat crossover SUV.
| Dimensions | Lexus RZ |
|---|---|
| length | 4805mm |
| Width | 1895mm |
| Height | 1635mm |
| wheelbase | 2850mm |
| Loading capacity | 522-1451L |
Maintenance and warranty
Lexus Australia offers a five-year, unlimited kilometer warranty and an eight-year, 160,000km battery warranty on its vehicles.
Service pricing for the updated RZ isn’t available yet, but the previous model was offered at a premium price with five years of service, with each visit costing $395.
Security
The 2023 Lexus RZ was evaluated by safety agency ANCAP and received a five-star rating.
| category | Lexus RZ |
|---|---|
| Protection for adults | 87 percent |
| Passenger protection for children | 89 percent |
| Protection of vulnerable road users | 84 percent |
| Security assistant | 84 percent |
A full list of safety equipment is not yet available for the Australian market 2026 RZ.
Standard equipment
There are now three Lexus RZ variants instead of the previous two. The limited RZ600e F Sport Performance will follow later in the year.
The RZ500e Luxury comes standard with the following features:
- 20-inch dark alloy wheels
- LED headlights
- Electric tailgate
- 7.0-inch instrument display
- 14-inch touchscreen infotainment system
- Satellite navigation
- Wireless Apple CarPlay and Android Auto
- Wireless phone charger
- Panasonic sound system with 10 speakers
- NuLux faux leather upholstery in Hazel or Greyscale
- Heated front seats
- 8-way power adjustable front seats
- Electric tilt and telescopic steering wheel adjustment
- Dual zone climate control
The RZ500e Sports Luxury also offers:
- 20-inch two-tone alloy wheels
- LED headlights with adaptive high beam and dynamic automatic level control
- Blackout panoramic roof
- Semi-autonomous parking assistant
- Ultrasuede padding in Hazel, Greyscale or Storm
- Ventilated front seats
- Driver seat memory
- Heated outboard rear seats
- Heated steering wheel
- Head-up display
- “High-quality multi-information display”
- Mark Levinson sound system with 13 speakers
- Digital rearview mirror
- Tsuyasumi ornament
- “Dynamic multicolor lighting”
The RZ550e F Sport adds:
- Glossy black alloy wheels
- Unique bumpers
- Rear spoiler
- Steering fork
- Interactive manual drive
- Front sports seats in black and dark gray Ultrasuede
- Aluminum pedals
- “Microgeometric Pattern Foil Ornaments”
MORE: Explore the Lexus RZ showroom
