Lexus just slashed the price of its top-of-the-line EV
by Tony Davis · Australian Financial ReviewTony DavisMotoring writer
Jul 5, 2026 – 5.00am
The updated all-electric Lexus RZ – released in Australia in May – looks nearly identical to the model it’s replacing, but is up to $42,000 cheaper.
The new RZ also has significant upgrades, including improved performance and a longer driving range between charges, plus a more rigid body and smarter chassis electronics for better handling.
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Tony DavisMotoring writerTony Davis writes on lifestyle specialising in cars. Email Tony at tony.davis@afr.com.au
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