Range Rover Velar vs Lexus Rz

What's the difference?

VS
Range Rover Velar
Range Rover Velar

$86,100 - $124,990

2024 price

Lexus Rz
Lexus Rz

2026 price

Summary

2024 Range Rover Velar
2026 Lexus Rz
Safety Rating

Engine Type
Bi Turbo 4, 2.0L

Fuel Type
Premium Unleaded/Electric

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Fuel Efficiency
2.2L/100km (combined)

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Seating
5

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Dislikes
  • Not as well-specified as it should be
  • Optional styling can make the cabin look cheap and nasty
  • PHEV element will only work for those who regularly charge

  • Numb steering
  • No spare
  • F Sport's jerky ‘Manual Drive’
2024 Range Rover Velar Summary

The new Range Rover Velar P400e Dynamic HSE, or P400e for short, is the first Velar offered with a plug-in hybrid powertrain. In theory, this should make it a solid contender for those wanting a luxury SUV that produces a smaller and greener footprint.

It’s not as big as its Range Rover siblings, so if you’re after a sleeker Rangie that can do some 'mild' adventuring on the weekends while still looking flash during the week, this may be the one you’re looking for.

It faces competition from the BMW X5, Volvo XC90 and… at a stretch, the Porsche Cayenne. I’ve spent a week with the mid-level P400e Velar to see how it stacks up for everyday use.

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2026 Lexus Rz Summary

When the Lexus RZ launched in Australia just over two years ago CarsGuide questioned the Japanese luxury brand’s relatively late arrival to the EV party.

And since then, this large, premium, battery-electric, five-seat SUV has proved something of a niche player with less than 100 sold in 2024 and a similar number in prospect for 2025.

But there’s been movement at the RZ station. This comprehensively updated model features a revised powertrain, retuned suspension, tweaked AWD system and the availability of things like steer-by-wire and a tricky manual mode in the auto transmission.

And yes, Lexus claims it’s more refined than its already smooth and near-silent predecessor. 

Scheduled to hit local showrooms in the first half of 2026, we were invited to take a first drive at its global launch. So, read on to see if this could be your next electrically propelled, performance luxury, family favourite.

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Deep dive comparison

2024 Range Rover Velar 2026 Lexus Rz

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