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Lexus announces 2026 ES EV prices start at under $50,000

The luxury electric sedan is more affordable than expected. Lexus revealed that the 2026 ES EV will be cheaper than the hybrid version, with prices starting under $50,000.

2026 Lexus ES EV prices by trim

The 2026 Lexus ES received a complete redesign inside and out, including a new fully electric version. It’s the first core Lexus model transformed into a “multi-platform” vehicle with EV and hybrid powertrains.

For its eighth-generation, the luxury sedan is an improvement over the outgoing ES in just about every, from the inside out.

The new design is based on the LF-ZC show car, which first debuted at the 2023 Japan Mobility Show, featuring a redesigned “spindle body,” the latest evolution of its signature grille.

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On the inside, the new 2026 ES is equipped with the latest version of the Lexus Interface Multimedia system. The system is significantly faster and easier to use than its current interface, featuring a new 14″ central navigation screen with wireless Apple CarPlay and Android Auto, plus a 12.3″ driver display.

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The 2026 Lexus ES 350e (Source: Lexus)

The 2026 Lexus ES EV will be available in two grades: the ES 350e, a front-wheel-drive (FWD) model, and the ES 500e, an all-wheel-drive (AWD) model, with Premium and Luxury trim options.

With the 2026 models set to go on sale any day now, Lexus revealed prices for the redesigned ES, will start at $48,475.

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The 2026 Lexus ES 350e interior (Source: Lexus)

That’s for the all-electric 2026 Lexus ES 350e Premium, the only EV or hybrid variant that starts under $50,000. The AWD ES 500e Premium is priced from $51,795, while the 350e Luxury and 500e Luxury start at $57,195 and $60,195, respectively.

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The 2026 Lexus ES 350e (Source: Lexus)

For the hybrid version, the lowest-priced ES 350h Premium starts at $50,995, the ES 350h Premium AWD starts at $55,795, and the ES 350h Premium+ AWD starts at $57,195.

The electric 2026 Lexus ES 350e with 19″ wheels is expected to have a driving range of 300 miles, while the AWD ES 500e has an estimated driving range of 250 miles.

2026 Lexus ES trimStarting Price*
ES 350h Premium$50,995
ES 350h Premium AWD$52,395
ES 350h Premium+$55,795
ES 350h Premium+ AWD$57,195
ES 350e Premium$48,795
ES 350e Luxury$57,195
ES 500e Premium$51,795
ES 500e Luxury$60,195
2026 Lexus ES EV and hybrid prices by trim (*Does not include $1,295 delivery fee)

Like Toyota’s newest electric SUVs, the new ES has a built-in NACS port for recharging at Tesla Superchargers. According to Lexus, the electric sedan can charge from 10% to 80% in about 30 minutes under “ideal conditions.”

The new 2026 Lexus ES is set to go on sale in Spring 2026, so any day now. It will join the upgraded RZ and four new Toyota electric SUVs set to go on sale in the US this year.

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising