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The new Lexus RZ is here, but it still costs way more than a Tesla Model Y

Lexus upgraded the RZ in about way you could imagine. It can now drive over 300 miles on a single charge, recharge at Tesla Superchargers, and even has a sporty new F-Sport trim. Is it enough?

New 2026 Lexus RZ prices and range by trim

The new and improved Lexus RZ is now on sale in the US. Lexus revealed the refreshed electric SUV earlier this year, featuring more range, faster charging, additional features, and more trim options.

With a new battery system, the 2026 RZ now provides up to 301 miles of driving range, or 35 miles more than the outgoing model.

The new Lexus RZ can also recharge at Tesla Superchargers via its built-in NACS port. It can now charge from 10% to 80% in about 30 minutes using a DC fast charger.

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RZ drivers can use one of the more than 25,000 Tesla Superchargers, as well as other DC fast-charging networks such as IONNA, ChargePoint, and EVgo.

Other new features, such as Plug & Charge and Apple Maps EV Routing via Apple CarPlay, make it much easier to find and use public chargers.

Lexus introduced a new F Sport trim to the 2026 RZ lineup. Packing 402 horsepower from a dual motor powertrain, the 2026 Lexus RZ 550e is the most powerful RZ model yet. It also gains exclusive black F Sport badges on the rear spoiler, front and rear bumpers, and front grille.

The RZ 450e offers an optional performance upgrade that boosts output to 375 hp, good for a 0 to 60 mph sprint in 4.3 seconds. The upgrade costs an extra $1,750 and is available for installation at the dealer.

New-Lexus-RZ-interior
The interior of the 2026 Lexus RZ (Source: Lexus)

Lexus revamped the electric SUV’s interior with a new Dynamic Sky Panorama Glass Roof. The F-Sport trim features a Black Ultrasuede trim with blue stitching and added emblems on the pedals and footrests.

Top comment by LM

Liked by 6 people

Stop Comparing it to a Y. One is a near luxury car, one is not.

The BZ is the Y competitor.

View all comments

Starting at $47,295, the 2026 Lexus RZ is already $5,000 more than the outgoing model. It’s also over $7,300 more expensive than the Tesla Model Y.

2026 Lexus RZ trimStarting Price
(MSRP*)
RZ 350e$47,295
RZ 350e Premium$49,495
RZ 450e AWD$50,795
RZ 450e Premium AWD$52,995
RZ 450 e Luxury AWD$58,295
RZ 55e F Sport AWD$58,295
2026 Lexus RZ price by trim (*includes $1,295 delivery fee)

The 2026 Tesla Model Y Standard RWD is priced from $39,990 with an EPA-estimated driving range of 321 miles. Even the Premium trim, starting at $44,990, is less expensive.

Which electric SUV are you choosing, the new 2026 Lexus RZ or the Tesla Model Y? Let us know in the comments.

Want to test drive the Lexus RZ or Tesla Model Y to see for yourself? You can use our links below to see what’s available in your area.

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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