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By Colin Ryan
Updated January 30, 2025
For all those luxury buyers who want to go electric but would prefer to choose a trusted marque, the Lexus RZ 450e could be the ticket. The build quality is impressive, the cabin is quiet, and the materials are suitably plush. There are faster-charging rivals with better ranges, though—the Genesis GV60, for instance. However, it’s high time that Lexus came out with an electric vehicle (EV). Size-wise, the new RZ 450e slots between the compact NX and the midsize RX. It’s not coincidental that Toyota’s new bZ4X all-electric SUV also launched for 2023. These two vehicles are based on the same platform and share more than a few mechanical parts. This Lexus naturally has its own interior and exterior designs while catering to the luxury end of the market.
The 2023 Lexus RZ 450e is a completely new model based on a dedicated electric vehicle (EV) platform. It’s a little smaller than the ever-popular Lexus RX SUV.
2023 Lexus RZ pricing starts at $35,421 for the RZ 450e Premium Sport Utility 4D, which had a starting MSRP of $59,650 when new. The range-topping 2023 RZ 450e Luxury Sport Utility 4D starts at $38,262 today, originally priced from $65,150.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$59,650 | $35,421 | |||
$65,150 | $38,262 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Lexus RZ models in typical condition when purchasing from a dealership. These prices are updated weekly.
Like most of today’s electric vehicles, the RZ 450e is exceptionally and effortlessly quick. With its standard dual-motor setup delivering 308 horsepower through the added traction of all-wheel drive, it’ll do 0-60 mph in a scant 5.0 seconds without breaking a sweat or waking the neighbors, even. And while it succeeds in delivering the same levels of comfort we’ve come to expect from a Lexus SUV, we found the RZ 450e surprisingly responsive, composed and even fun to drive around town, too. Steering and brake feel are both very good. We do wish the RZ offered a one-pedal driving mode, perhaps further demonstrating how our driving preferences are evolving as more and more of our seat time is spent in electric cars.
We’ve logged hundreds of hours driving and evaluating this generation of luxury electric SUVs, including the Lexus RZ.
The interior of the RZ resembles the passenger cabin of just about every other modern Lexus. We suspect many will prefer the familiarity compared to some of the more futuristic and austere interiors in the electric vehicle space. Although most SUV buyers cherish the raised driving position, the RZ 450e’s front seats seem set higher than usual. Yet there’s little space under them for rear passengers to tuck their feet. Not that this is much of an issue, as occupants in both rows will find plenty of space in which to move around. Behind the rear seats is a luggage area big enough to take three sets of golf clubs. We really like the feel of the steering wheel covered in NuLuxe faux leather.
The new RZ 450e doesn’t need a radiator grille up front because there’s no combustion engine to cool, but Lexus has placed a typically huge spindle shape there anyway. The rear end has the Lexus name spelled out in upper-case letters, which looks arguably cooler than the regular company logo, while a ducktail spoiler completes the picture. A 2-tone paint job is available, featuring solid black at the front end, running up to the hood and the roof.
At 189.2 inches long, the 2023 RZ 450e is 3.3 inches shorter than the midsize RX, 5.7 inches longer than the compact NX, and features a lower roof than both.
Infotainment touchscreen
A big, 14-inch touchscreen enables Lexus to keep the rest of the RZ 450e’s cabin nice and tidy by migrating many functions that would have required physical buttons in the past.
Traffic Jam Assist
The RZ 450e can pretty much drive itself through stop-and-go traffic, although we’ve found it demands a more deliberate grip on the steering wheel than some other systems. A First World problem of the highest order, to be sure.
Wireless Apple CarPlay/Android Auto
The so-called entry-level Premium model comes with standard cable-free phone integration, along with wireless charging, Wi-Fi, and five USB-C ports.
Panoramic View Monitor
Quite often an option in other vehicles, this is standard in the new RZ 450e electric SUV, providing a 360-degree view of the surroundings.
Dynamic Sky Roof
Every RZ 450e has a panoramic glass roof, but the optional Dynamic Sky functionality is the real party trick. With the press of a button, the electrochromic glass changes from transparent to opaque. Choose more stars or less sun on demand, or just impress your friends.
Advanced Park
This optional feature takes care of steering, acceleration, and braking when maneuvering into and out of tricky parking spaces.
Frequency Reactive Dampers
Deployed for the first time in a Lexus, these are a sophisticated form of shock absorber that provides great handling stability without having to make the typical trade-off where ride quality suffers.
Two electric motors, one for each axle, provide an electric form of all-wheel drive (which Lexus calls Direct4) as standard. Together, they generate a total of 308 horsepower. The front motor is capable of 196 lb-ft of torque, and the rear develops 124 lb-ft, making 320 lb-ft in total.
Power can be distributed between the front and rear wheels according to the conditions and demands. For example, at the exit of a corner, it’s the rears that gain 80 percent for maximum traction and efficient acceleration. Other times, most of the work is done by the front wheels for optimum efficiency. The driver doesn’t really feel all this going on. Transitions are seamless.
Dual electric motors
308 combined horsepower
320 lb-ft of combined torque
EPA city/highway fuel economy: 115/98 MPGe (18-inch wheels), 102/87 MPGe (20-inch wheels)
EPA-estimated range: 220 miles (18-inch wheels), 196 miles (20-inch wheels)
More range and efficiency information is available on the EPA’s website.
The basic Lexus new-vehicle warranty lasts for four years or 50,000 miles, whichever happens first — a typical arrangement among luxury vehicles. Powertrains are covered for six years or 70,000 miles, which is better than many European luxury brands. An 8-year/100,000-mile warranty applies to the RZ 450e’s battery.
Get 0% for 48 months on a new 2025 RZ 450e PREMIUM AWD.
Lease a new 2025 RZ 450e PREMIUM AWD for $459 a month for 36 months with $4,999 due at signing.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
Now | - | $32,620 | $29,192 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 4564 lbs. | ||
---|---|---|---|
Front Head Room | 39.9 inches | ||
Front Leg Room | 42.1 inches | ||
Max Seating Capacity | 5 | ||
Overall Length | 189.2 inches | ||
Front Shoulder Room | 56.9 inches | ||
Trunk or Cargo Capacity | 34.9 cu.ft. | ||
Turning Diameter | 36.8 feet | ||
Wheel Base | 112.2 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Panorama Moon Roof | Available | ||
LED Headlights | Available | ||
Rear Spoiler | Available |
City | 115 MPGe | ||
---|---|---|---|
Combined | 107 MPGe | ||
Highway | 98 MPGe |
Drivetrain | AWD | ||
---|---|---|---|
1 speed | Available | ||
Parking Assist System | Available |
Engine | Electric Motor | ||
---|---|---|---|
Estimated Electric Range | 220 miles | ||
Charge Time (240V) | 10 hours | ||
Battery Capacity | N/A | ||
0 to 60 | 5.0 seconds |
Basic | 4 years / 50000 miles | ||
---|---|---|---|
Powertrain | 6 years / 70000 miles | ||
Corrosion | 6 years / Unlimited miles |
Lexus Safety System+ 3.0
This set of driver assistance features is standard in every new RZ 450e electric SUV. It includes forward collision warning with automatic emergency braking and pedestrian detection, intersection assistance, and lane-departure alert.
Dynamic Radar Cruise Control (DRCC)
Also part of the standard array, the RZ 450e’s adaptive cruise control works at full speed right down to a halt, maintaining a safe distance to the vehicle in front and resuming the preset speed when conditions allow.
Emergency Driving Stop System (EDSS)
This optional feature will set off the flashing hazard lights and bring the 2023 RZ 450e gently to a complete stop — in the lane — if sensors determine that the driver is no longer able to operate the vehicle. EDSS becomes active when the Lane Trace Assist function is deployed.
Used 2023 Lexus RZ | Used 2023 Audi Q4 e-tron | Used 2023 Genesis GV60 | Used 2023 Volvo C40 Recharge | ||
---|---|---|---|---|---|
Price | $35,421 | $35,055 | $34,978 | $30,225 | |
KBB.com Rating | 4.1 | 4.5 | 4.5 | 4.5 | |
Consumer Rating | 5.0 | 3.7 | 5.0 | 4.0 | |
Fuel Economy | City 115/Hwy 98/Comb 107 MPGe | City 97/Hwy 87/Comb 93 MPGe | City 103/Hwy 86/Comb 95 MPGe | City 94/Hwy 80/Comb 87 MPGe | |
Fuel Type | Electric | N/A | N/A | N/A | |
Estimated EV Range | 220 miles | 236 miles | 248 miles | 226 miles | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 4 years or 50000 miles | 4 years or 50000 miles | N/A | 4 years or 50000 miles | |
0-60 | 5 seconds | 5.8 seconds | N/A | 4.7 seconds | |
Horsepower | N/A | 295 HP | 314 HP | 402 HP | |
Engine | Electric Motor | Dual AC Electric Motors | Dual Electric Motors | Dual Electric Motors | |
Drivetrain | AWD | AWD | AWD | AWD |
The Toyota bZ4X is already among the least-expensive ways to get into a new car under warranty in parts of…
The 2023 Lexus RZ is the company’s first electric vehicle in the U.S. As electric vehicles go, it’s not particularly…
Lexus is known for exceptionally smooth and quiet luxury vehicles. Electric vehicles (EVs) are known for exceptional acceleration, serene quiet,…
Pricing for the all-new 2023 Lexus RZ 450e luxury electric SUV in Premium trim begins at $59,650. The Luxury trim starts at $65,150.
Using a DC fast charger, the 2023 Lexus RZ 450e can take on almost six miles of range per minute. This works out to something like half an hour to reach the recommended 80 percent capacity (a full recharge is best done using a lower voltage over a longer time). Some rivals can do the same thing in about 15 to 20 minutes.
Yes, the 2023 Lexus RZ is a good car. Its Kelley Blue Book rating of 4.1 out of 5 is within 10% of our average rating.
Used 2023 Lexus RZ prices currently range from $35,421 for the 450e Premium Sport Utility 4D to $38,262 for the 450e Luxury Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 Lexus RZ is the 450e Premium Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $35,421.
The 2023 Lexus RZ is part of the 1st-generation RZ, which our owners give an above-average reliability rating of 5 out of 5.