Lexus Rx450H+ vs Hyundai Ioniq 5

What's the difference?

VS
Lexus Rx450H+
Lexus Rx450H+

$105,350 - $123,650

2026 price

Hyundai Ioniq 5
Hyundai Ioniq 5

$41,999 - $92,950

2024 price

Summary

2026 Lexus Rx450H+
2024 Hyundai Ioniq 5
Safety Rating

Engine Type

Not Applicable, 0.0L
Fuel Type
-

Electric
Fuel Efficiency
-

0.0L/100km (combined)
Seating
5

5
Dislikes
  • Relatively short EV-only range
  • No spare tyre, just a repair kit
  • Raised rear seat cramped for tall people

  • Awkward exterior door handles
  • No spare wheel
  • Big turning circle
2026 Lexus Rx450H+ Summary

Lexus has finally brought a plug-in hybrid to the Australian market with the RX450h+, and we’ve been testing the second-from-the-top Sports Luxury grade to see how it stacks up.

Promising a blend of electric efficiency and the high-end comfort Lexus is known for, this large SUV steps into a competitive segment. But does it deliver on both fronts?

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2024 Hyundai Ioniq 5 Summary

What is it about single letters and performance cars? 

BMW has M, Volkswagen has R, Lexus has F, and with only 23 choices left Hyundai opted for N - which stands for Namyang, site of the brand’s sprawling proving ground and development centre in South Korea, and Nurburgring, the famous German racing circuit where its performance cars are fine-tuned.

And like BMW M Sport, VW R-Line and Lexus F Sport, the Korean giant has N Line as a ‘lite’ option. Sporty models that add a little more punch and visual flair without crossing the line into hardcore hot-rod territory. 

And this is one its latest examples, the pure-electric Ioniq 5 SUV in top-spec Epiq AWD trim and equipped with the N Line Option Pack as well as the tricky Digital Mirror Pack.

In this configuration it slots into the $90K price band, which means it has a lot to live up to in terms of performance, safety, driving dynamics, value and more. 

So, stay with us to see if this premium five-seater is the kind of sporty EV SUV that gets your heart racing.

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Deep dive comparison

2026 Lexus Rx450H+ 2024 Hyundai Ioniq 5

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