Lexus Releases Updated RZ 550e F Sport in Australia
The luxury electric SUV debuts with significant price cuts and a high-performance dual-motor powertrain.
Updated on Oct. 16, 2026 in Electric Vehicles
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Lexus has introduced the updated RZ 550e F Sport in Australia, featuring a powerful dual-motor system and an advanced steer-by-wire yoke steering wheel. The rollout includes significant price reductions across the model range, with some trims seeing cuts up to $42,000.
Why it matters
The shift in pricing is driven by improved production efficiencies and heightened competition within the premium electric vehicle segment. This adjustment aims to bolster the market position of the RZ series against rival luxury battery-electric offerings.
The RZ 550e F Sport produces 300kW of power, enabling a 0-100km/h time of 4.4 seconds from its 77kWh battery. It offers a 437km range and can charge from 10 to 80 per cent in 28-30 minutes using a 150kW DC rapid charger.
The players
Lexus
Lexus is the luxury vehicle division of the Japanese automaker Toyota Motor Corporation.
The details
The new model is equipped with an aircraft-style yoke steering wheel that adjusts its steering ratio based on vehicle speed. Practicality is also a focus, with boot capacity measuring 522 litres and expandable to 1,451 litres.
Timeline
Scheduled maintenance occurs every 12 months.
Maintenance intervals are set for every 15,000km.
Roadmap
This release marks a strategic effort by Lexus to navigate the accelerating transition toward electric vehicles in the Australian market. By adjusting its pricing structure, the brand is positioning its premium SUV to better compete against both established luxury rivals and emerging EV-only manufacturers.
Buyers can now access the RZ 550e F Sport starting at over $117,000, benefiting from the significant manufacturer price reductions. Owners will also benefit from capped-price servicing set at $395 per visit to ensure predictable maintenance costs.
The takeaway
The updated RZ 550e F Sport offers a balance of high-end performance features and increased accessibility for luxury EV shoppers. Prospective owners should factor in the 12-month or 15,000km service schedule when calculating the long-term cost of ownership.
Further reading
For more information on the latest battery-electric arrivals, visit the Electric Vehicles section.
Source note: This article includes information reported by The Chronicle.
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