Lexus has made a significant move in the UK electric vehicle market by reducing prices across most of its RZ electric SUV lineup. The price cuts reach up to 14 percent, making the premium electric crossover more accessible to buyers who may have previously found it too expensive.
The updated pricing applies to the 2026 Lexus RZ, and it means several versions of the electric SUV now fall below the £50,000 threshold, which is important for avoiding the UK’s Expensive Car Supplement under Vehicle Excise Duty.
Lexus RZ 350e: Entry-Level Models Now Cheaper
The most affordable model, the Lexus RZ 350e Premium, now starts at £48,365 when equipped with 18-inch wheels. Buyers choosing 20-inch alloy wheels will pay slightly more, at £48,565. Depending on the wheel option, these prices represent a reduction of between 10 and 12 percent compared to previous pricing.
Moving up the range, the RZ 350e Premium Plus has also seen noticeable cuts. Prices now begin at £49,365 with 18-inch wheels and rise to £49,815 for the bi-tone alloy option. Versions fitted with 20-inch wheels start from £49,565, while the bi-tone variant costs £49,815. These models are now 11 to 14 percent cheaper, depending on configuration.
RZ 500e Models Also Receive Price Reductions
Lexus hasn’t limited the discounts to entry-level trims. The RZ 500e Premium, which offers more power and all-wheel drive, now starts at £56,295 with 18-inch wheels and £56,595 with 20-inch wheels, reflecting price drops of 4 to 5 percent.
The RZ 500e Premium Plus is priced from £57,795 with 18-inch wheels and goes up to £58,345 for the 20-inch bi-tone version. These trims are now 4 to 6 percent cheaper than before.
At the higher end of the non-F Sport lineup, the RZ 500e Takumi and Takumi bi-tone versions now start at £62,595 and £62,845, respectively. These models also benefit from price reductions of up to 6 percent.
RZ 550e Pricing Remains Unchanged
While most of the lineup has become more affordable, pricing for the RZ 550e range remains unchanged. This includes the sportier and more performance-focused variants, such as:
- RZ 550e F Sport – from £67,795
- RZ 550e F Sport Takumi – from £69,995
- RZ 550e F Sport bi-tone – from £68,895
- RZ 550e F Sport Takumi bi-tone – from £71,095
Powertrain and Performance Overview
The Lexus RZ 350e features a front-wheel-drive electric motor producing 224 horsepower (165 kW), making it suitable for everyday driving and efficiency-focused buyers.
The RZ 500e and 550e models come with all-wheel drive. The 550e increases output to 380 horsepower (280 kW), while the top-of-the-line RZ 550e RS delivers 408 horsepower (300 kW), offering noticeably stronger performance. See more photos
Tax Benefits and Warranty Coverage
Lexus confirmed that six RZ models priced under £50,000 will qualify under the new Vehicle Excise Duty rules, effective from April 1, 2026, and the changes will be backdated to April 1, 2025. Order books for the updated models open on April 2.
All versions of the Lexus RZ come with a manufacturer’s warranty of three years or 60,000 miles, along with an extended battery warranty of up to eight years or 100,000 miles, providing additional peace of mind for EV buyers.
Final Thoughts
With these price reductions, Lexus is clearly positioning the RZ as a more competitive option in the premium electric SUV segment. The lower entry prices, combined with strong warranty coverage and refined design, could make the Lexus RZ a more attractive choice for UK buyers considering the switch to electric.
FAQs
Is this electric SUV cheaper now in the UK?
Yes. Many versions are now cheaper, with price cuts of up to 14%. This makes it more affordable than before, especially the lower trims.
What is the lowest price for this electric SUV now?
The cheapest version now starts at £48,365, which is below the £50,000 mark and helps buyers save on extra car taxes.
Which models got the biggest price drop?
The biggest price cuts are on the entry-level and mid-range models, especially versions with different wheel options. Some trims dropped by 10–14%.
Does this electric SUV qualify for a lower car tax in the UK?
Yes. Several models are now priced below £50,000, which helps buyers avoid the Expensive Car Supplement in the UK.
When can I order the newly priced models?
Orders for the updated prices open on April 2, and the tax changes apply from April 1, with backdated benefits.
Are all versions cheaper now?
No. Most models received price cuts, but the top performance versions kept the same prices as before.
How long is the battery warranty?
The battery is covered for up to 8 years or 100,000 miles, which gives peace of mind for long-term ownership.
Is this electric SUV worth buying after the price cut?
If you want a premium electric SUV, good warranty, and lower tax costs, the new pricing makes it a better deal than before.
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