When Lexus introduced the 2027 TZ in May, the company was coy on specifications. However, the automaker has quietly updated their press kit with pricing and powertrain information.

Kicking things off is the TZ 450e Premium, which begins at $64,050 including a $1,550 destination fee. That’s cheaper than some versions of the Kia EV9 and it’s only $3,960 more than the gas-powered TX 350 AWD.

First Look: Lexus’ New TZ Trades Fake Ruggedness For Quiet Luxury

Since we’ve already seen the crossover before, we’ll briefly mention the entry-level variant comes equipped with an acoustic windshield and flush-mounted door handles. They’re joined by 20-inch wheels and an illuminated logo on the grille .

Stepping inside reveals a minimalist interior with a 12.3-inch digital instrument cluster, a 14-inch infotainment system, and a dual wireless smartphone charger. They’re joined by a panoramic glass roof, thematic ambient lighting, and a 12-speaker audio system.

The crossover has heated and ventilated front seats, second-row captain’s chairs with power recline, and a power-folding third-row. When the latter two rows are folded down, there’s 91.5 cubic feet (2,591 liters) of cargo space.

Motivation is provided by a dual-motor all-wheel drive system that produces a combined output of 308 hp (230 kW / 312 PS) and 323 lb-ft (437 Nm) of torque. It’s fed by a 77 kWh battery pack, which provides an EPA-estimated range of 253 miles (407 km).

The crossover can accelerate from 0-60 mph (0-96 km/h) in 6.2 seconds, before hitting a top speed of 112 mph (180 km/h). The Premium also has a NACS port, a bi-directional charging capability, and a towing capacity of 2,400 lbs (1,089 kg).

The TZ comes equipped with the Lexus Safety System+ 4.0 suite of driver assistance systems, which includes Full-Speed Dynamic Radar Cruise Control, Lane Tracing Assist, and a Pre-Collision System with Pedestrian Detection. There’s also Emergency Steer Assist, Intersection Turn Assist, and Lane Departure Alert with Steering Assist. Other functions include Road Sign Assist, Proactive Driving Assist, and Traffic Jam Assist.

TZ Premium Touring

The $72,050 Premium Touring ups the ante with a larger 96 kWh battery, which increases the range to 315 miles (507 km). However, the extra weight increases the 0-60 mph (0-96 km/h) time to 6.5 seconds. While that’s a bummer, the top speed remains unchanged and the towing capacity increases to 3,500 lbs (1,588 kg).

Lexus didn’t say much else about the mid-level variant, but it does come with additional features including rear steering and a “rear comfort drive mode.”

TZ Luxury

Lastly, there’s the $80,550 Luxury variant. It has the same powertrain as the Premium Touring, but the range drops to 279 miles (449 km).

This can largely be blamed on the use of 22-inch wheels. They’re backed up by a beefier braking system, which features six-piston front calipers that grab onto discs measuring 15.8 inches (401 mm). This stands in contrast to lesser variants, which have two-piston calipers and 13.4 inch (340 mm) discs.

Besides the larger wheels, the Luxury variant should have a quieter cabin thanks to acoustic glass on the windshield as well as the front and rear doors. Other highlights include a 21-speaker Mark Levinson premium audio system, a front radiant heater, and a unique “shimmering effect” for the ambient lighting system.

The upgrades don’t end there as the range-topping variant comes equipped with heated and ventilated second-row seats as well as a heated third-row. Lexus also mentioned an ottoman for the front passenger as well as the second-row captain’s chairs. People residing in the latter will also find manual sunshades.

If everything goes according to plan, the 2027 Lexus TZ should be launched late this year.

2027 Lexus TZ Pricing

H/T to Car & Driver

Lexus has stepped up for Californian residents who are ineligible for the MyFirstEV Program discounts, announcing an incentive it hopes will drive sales of the all-electric RZ and the new ES EV.

Under the MyFirstEV Program, shoppers receive an instant rebate of up to $3,500 for new zero-emission vehicles and $1,750 for used models, but only if you’ve never owned a ZEV previously and are a verified California resident, so many locals aren’t eligible. There’s also an MSRP cap of $50,000.

Read: First-Time EV Buyers To Get $3,500 Instant Rebate In California

The MyLexusEV Rebate does not have these same restrictions, providing an instant $2,500 rebate with no MSRP cap, regardless of whether someone is a first-time EV buyer.

The good news doesn’t stop there for interested buyers of the RZ and ES EV. The MyLexusEV Rebate can be stacked with other discounts, including a current $4,000 Lease Cash Incentive for the 2026 RZ, boosting savings up to $6,500, CarsDirect notes. There are currently no other incentives available for the Lexus ES EV.

Lexus is no doubt eager to boost sales of the RZ and ES EV in the United States. Through the first half of this year, 7,814 examples of the RZ had been sold, an impressive 106.8 percent increase from the 3,779 sold in the first half of 2025. By comparison, sales of the ES, which just entered its eighth generation, have slipped 79.7 percent this year to just 3,896, down from 19,181, although this can be largely attributed to the model change, rather than a huge decline in demand. Sales of the all-electric version haven’t been published, but it’s unlikely to sell in numbers to rival the combustion model.

After a slow start, Toyota and Lexus have significantly expanded their electric lineups. However, one of their most important models will reportedly go into production in the fall of 2027.

According to Nikkei Asia, Lexus will build a next-generation electric vehicle at a new plant in Shanghai. Little is known about the model at this point, but it’s reportedly a crossover that will be “made with leading-edge technology, including gigacasting to mold multiple aluminum body parts together as a single large piece.”

More: Lexus Killed Its Next Electric Sedan, Then Approved Its Replacement The Same Day

The use of gigacasting was pioneered by Tesla and has been slowly spreading across the auto industry. It will be used on the upcoming Ford Fathom and it promises significant weight savings. In the case of the Lexus EV, this could increase the crossover’s range by “several percent.”

While Toyota usually reserves its most advanced production techniques for Japan or the United States, the Lexus is being billed as the “rare exception.” Electric vehicles dominate in China and the company has struggled there as they only sold 182,458 vehicles in 2025. For comparison, the luxury brand moved 370,260 units in the United States that same year.

Lexus is reportedly planning to build around 1,000 units per month in the model’s first year. However, production is slated to ramp up to “tens of thousands” of units annually.

The model appears to be a Chinese-exclusive, which would be a bit of a change for the automaker. A quick look at the company’s current lineup reveals an assortment of familiar models including the NX, RX, GX, and LX. They’re joined by the ES, LS, LM, and RZ. The latter is the brand’s sole electric vehicle in a market that practically demands them.

Lexus TZ pictured