Lexus Rz vs BMW IX2

What's the difference?

VS
Lexus Rz
Lexus Rz

2026 price

BMW IX2
BMW IX2

$58,500 - $93,000

2024 price

Summary

2026 Lexus Rz
2024 BMW IX2
Safety Rating

Engine Type

Not Applicable, 0.0L
Fuel Type
-

Electric
Fuel Efficiency
-

0.0L/100km (combined)
Seating
-

5
Dislikes
  • Numb steering
  • No spare
  • F Sport's jerky ‘Manual Drive’

  • M35i's over-firm ride
  • Not as practical as X1
  • Some rivals charge faster
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.

View full pricing & specs
2024 BMW IX2 Summary

Following its global launch in February this year, the second-generation 'U10' 2024 BMW X2 and iX2 have landed in Australia.

The coupe SUV range comprises four variants with turbo-petrol and pure electric models sitting alongside each other in showrooms with precious few visual differences.

That'll either be a good or bad thing, depending on how much you want to parade your choice to go for current or combustion.

More clear cut is the X2's new – and more sensible – position in BMW's SUV line-up. Rather than a quirky curio that's smaller and less practical than the X1, the 20cm longer gen-two X2 finally makes sense in BMW's X line-up.

To see if the driving experience and build quality live up the shiny new exterior, we've been invited to Tasmania to sample the new car's attributes on typically testing (and picturesque) roads.

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Deep dive comparison

2026 Lexus Rz 2024 BMW IX2

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