Lexus LM vs Polestar 2 Standard Range

What's the difference?

VS
Lexus LM
Lexus LM

2024 price

Polestar 2 Standard Range
Polestar 2 Standard Range

$62,400 - $69,600

2026 price

Summary

2024 Lexus LM
2026 Polestar 2 Standard Range
Safety Rating

Engine Type
Inline 4, 2.5L

0.0L
Fuel Type
Premium Unleaded/Electric

Electric
Fuel Efficiency
5.5L/100km (combined)

0.0L/100km (combined)
Seating
7

5
Dislikes
  • Third row suits two people not three
  • Limited luggage space
  • It’s an expensive people mover

  • Cabin space and storage still compromised
  • Options add up quick
  • No cover for panoramic glass roof
2024 Lexus LM Summary

Most people that are wealthy enough to be ferried around in a car or limo choose a long luxurious sedan like a Mercedes-Benz S-Class, BMW 7 Series or a Lexus LS. Of course, there are now also SUVs that are used for the same purpose.

But what about a plush people mover? There are very few of these available in Australia and they don’t sell in huge numbers. But Lexus believes there is a market for such a model and it has just launched the big and bold LM. The hybrid-only range is a unique proposition and the LM should hold appeal for limo and tourism operators, and larger cashed-up families

This initial launch drive was a slightly different format to usual. Given the intended use of the lounge-like model, Lexus arranged for us to be collected in the LM by a chauffeur and ferried from Melbourne to the Mornington Peninsula. From there we got behind the wheel for a brief drive, but many of my impressions will focus on the passenger cabin experience.

Note too that the LM500h does not land until early 2024, so we only sampled the LM350h AWD.

So jump aboard and let’s see if this Lexus can do everything the LS can do - and maybe even a little bit more.

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2026 Polestar 2 Standard Range Summary

The Polestar 2 was one of the first electric vehicles (EVs) in Australia to break through to the mainstream, however it has always been relegated to the Tesla Model 3’s shadow.

As a result Polestar is constantly playing catch up, releasing update after update for this premium-pushing electric liftback. The most notable was a major mid-life update in 2024.

Two years after this, Polestar has just rolled out the 2026 model year (MY26) update which introduces a range of subtle changes, largely under the surface.

It comes as Polestar is now introducing newer models, there’s mounting pressure from legacy carmakers who are only now catching up to EV tech, and Australians are moving away from buying passenger cars to SUVs.

Has this latest update improved the appeal? Read on to find out.

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Deep dive comparison

2024 Lexus LM 2026 Polestar 2 Standard Range

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