LexusRZ 450e | Lexus
Although Toyota has received criticism for delaying the launch of its first exclusively electric vehicle, one could counter that the delay has given the world’s largest automaker plenty of time to analyze the competition as it moves forward with its own plans. As you can see, the price of the company’s first electric vehicle, the RZ 450e, which was just announced today by luxury brand Lexus, is significantly lower in value than that of most of the other luxury EVs on the market right now.
Two trim levels—Premium and Luxury—are offered for the RZ 450e. The starting price for the Premium version with all-wheel drive and 18-inch wheels is $59,650; the starting price for the 20-inch version is $60,890. Starting at $65,150 is the Luxury AWD trim.
Several competitors, including the BMW iX ($83,200), Volvo EX90 ($79,950), and Mercedes-Benz EQS SUV ($105,550), charge significantly more than that. The Cadillac Lyriq ($61,795) and Audi E-Tron Q4 ($56,800) are comparable competitors, though.
The Lexus RZ will have more upscale styling, better materials, a panoramic glass roof, as well as other upscale extras, despite sharing the same e-TNGA platform as the all-electric Toyota bZ4X. The bZ4X costs $42,000 and comes with the same 71.4kWh battery pack as the RZ, but if you would rather save some cash, you can do that instead.
Remember that Toyota has stated that it anticipates producing a Lexus sports car with a “cruising range” of 700km (434 miles) and the ability to accelerate from 0 to 60mph in less than two seconds.
In the race to electrify the auto industry, Toyota is lagging. Lexus announced in 2021 that it would release 20 new vehicles by 2025, but only 10 of them would be all-electric, hybrid, or hydrogen-powered. However, a few months later, Toyota declared that by 2035, Lexus would only sell electric vehicles.