Lexus slashes UK prices for most of its line-up

The Japanese brand, which serves as Toyota’s luxury arm, has most notably cut the price of its entry-level electric model, the UX 300e, by up to £7100. The range now starts at £40,795. Its EV stablemate the RZ 450e has been cut to £57,895 for the standard car, £2100 less than what it was in April.

Battery-electric hybrid NX 450h+ and flagship RX 450h+, which are the brand’s most expensive PHEVs, have been cut from £54,950 to £49,995 and from £67,100 to £63,995 respectively. The newly introduced hybrid LBX, which hit the market earlier this year for £29,995, did not receive a rebate.

The move comes just after the recently concluded UK elections have dropped the conservative Tory party, and the successful Labour Party promised to reinstate the 2030 ban on combustion engines. As Autocar writes: “Rebuilding Britain means modernising our transport infrastructure”, states the Labour manifesto, adding that the network has been “plagued by long-promised projects that are never delivered.”

Update 04 November 2024

Lexus UK has reduced the list price for its electric UX300e compact crossover for the second time this year. The UX300e is now available for a price starting from £39,995 and comes in a revised five-model trim range. The range tops out with a price of £50,995 for the UX 300e Takumi.

autocar.co.uk, autocar.co.uk (elections), lexus.co.uk, fleetnews.co.uk (both update)