The Lexus RZ has come a long way since originally arriving in the U.S. for the 2023 model year. That early model was held back by a poor range and high pricing, but both issues have been addressed to some extent. As a result, demand for the RZ has almost doubled over the course of 2026. Lexus has now published official pricing for the 2027 model, which continues without any major changes. Is this the luxury electric SUV to have at its price point, or should you consider something else? Here’s a closer look at what the RZ offers.
2027 Lexus RZ Pricing
2027 Lexus RZ
Lexus
The 2027 RZ is still available in six variants, starting with the 350e and leading up to the powerful 550e F Sport. Here’s a look at 2027 pricing versus the 2026 model.
|
Trim |
2027 Price |
2026 Price |
|
RZ 350e |
$47,495 |
$47,395 |
|
RZ 450e AWD |
$50,995 |
$50,895 |
|
RZ 350e Premium |
$49,970 |
$49,595 |
|
RZ 450e Premium AWD |
$53,470 |
$53,095 |
|
RZ 450e Luxury AWD |
$58,495 |
$58,395 |
|
RZ 550e F Sport AWD |
$58,770 |
$58,395 |
The 350e Premium, 450e Premium AWD, and 550e F Sport AWD trims have been handed the biggest price bumps of $375 each. The base trim is only $100 more than before. These prices all include the delivery fee.
Lexus
As before, the range starts with the 221-horsepower 350e with front-wheel drive. The 450e AWD has 308 hp from dual motors, while the 550e F Sport produces 402 hp and is the performer of the lineup; this model can reach 60 mph in 4.1 seconds. The base 350e has the best range on a full charge, at 301 miles. That drops all the way down to 228 miles for the 450e with 20-inch wheels.
The RZ’s best quality is that it feels like a true Lexus, from the smooth ride to the top-notch build quality. However, its overall range (across all trim levels) is lower than many rivals. It doesn’t have a genuine one-pedal-driving mode, and the top performance model isn’t as fun as the Hyundai Ioniq 5 N or the Genesis GV60 Magma.
Lexus has confirmed that the 2027 RZ will arrive at dealerships early next year.
Related: I Drove The New Lexus RZ, And I Have Mixed Feelings
Lexus RZ Key Rivals
2026 Tesla Model Y
Tesla
Based on price, the Lexus RZ’s primary rivals include the following:
- Tesla Model Y ($39,990–$57,990)
- Cadillac Optiq ($49,995–$67,500)
- Genesis GV60 ($46,250–$69,950)
The RZ matches the luxurious feel of the Optiq and GV60, while surpassing the Model Y in that regard. The Tesla isn’t as opulent, but it starts much cheaper, is quicker, and can travel up to 355 miles on a full charge. It’s ultimately better at being an EV than the Lexus, but it’s not a better luxury car.
The Optiq lineup has a range of between 250 and 317 miles, so it also outclasses the Lexus in that area. It offers more standard and available power than the Lexus, and is more engaging to drive. Pricing is similar, so we’d favor the Optiq.
Finally, there’s the GV60. It has between 222 and 306 miles of range, which isn’t fantastic but closely matches the RZ. The Genesis can feel a bit cramped inside for taller occupants, but the detailing and quality can’t be faulted. It has similar power to the RZ, although Lexus has nothing to match the incredible GV60 Magma, which produces 641 hp.
Final Thoughts
Lexus
Last year, Lexus sold 5,340 units of the RZ through the first three quarters of the year. Over the same period in 2026, sales have increased to 10,214 units. It’s now within striking distance of outselling the Optiq, but the Model Y is still way out in front.
For anyone coming from an NX or RX, transitioning to the RZ will feel entirely natural—assuming you can live with the limited range. It’s quiet, comfortable, and promises to be reliable. However, for buyers coming from another EV, the RZ may come across as merely good rather than great. It doesn’t move the goalposts in this segment in any one area, which is why it’s worth considering one of its rivals before making a decision.
Related: 2026 Lexus RZ 550e F SPORT Review: A Swift Luxury Bargain With a Short Leash
