Electrek.co

Toyota launches bZ4X electric SUV with starting price of $42,000

by Fred Lambert

Toyota has now officially launched the bZ4X, its first all-electric vehicle in a long time, in the US and announced a starting price of $42,000.

The Japanese automaker already unveiled the bZ4X electric SUV last year, but the big piece missing was the price in the US.

Toyota said in its announcement: “Coming to dealerships this spring with an EPA-estimated range rating of up to 252 miles (for XLE front-wheel drive models, based on EPA’s testing procedure standards), the 2023 Toyota bZ4X will have a starting MSRP of $42,000."

"According to the EPA, the average estimated fuel cost savings over five years for the 2023 bZ4X XLE FWD compared to the average new vehicle is up to $5,000.”

However, since Toyota uses the franchise dealership model, keep in mind that the buyer and the dealer always agree on the final price.

As we recently reported, Toyota expects to hit its limit for the $7,500 US federal tax credit for electric vehicles this summer.

It will trigger a phase-out period that will gradually give less money to buyers.

It’s interesting that the all-wheel-drive version is only about $2,000 more expensive than the front-wheel-drive, but it’s significantly less efficient as you drop about 24 miles of range with the AWD.

See the price breakdown by trim level for the Toyota bZ4X, check out more photos of the new electric vehicle, and read Electrek's take at Electrek.co.