Mercedes-Benz Eqv300 vs Lexus Lm350H

What's the difference?

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Mercedes-Benz Eqv300
Mercedes-Benz Eqv300

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2023 price

Lexus Lm350H
Lexus Lm350H

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2024 price

Summary

2023 Mercedes-Benz Eqv300
2024 Lexus Lm350H
Safety Rating

Electric motor type
Permanent Magnet

Inline 4, 2.5L
Vehicle type
Battery Electric

Premium Unleaded/Electric
Electric range
418 km

5.5L/100km (combined)
Energy consumption
26.3 kWh/100km

Battery capacity
90.00 kWh

Seating
7

7
Dislikes
  • Bouncy ride quality
  • Ageing interior
  • It’s not cheap

  • Third row suits two people not three
  • Limited luggage space
  • It’s an expensive people mover
2023 Mercedes-Benz Eqv300 Summary

As far as vehicle niches go, this is pretty niche. The Mercedes-Benz EQV is Australia’s first premium electric seven-seat commercial vehicle-based people mover.

The EQV falls under Benz’s electric ‘EQ’ banner and is based on the Vito van platform, but adapted to house an all-electric powertrain. 

However, unlike the popular EQA small SUV or recently launched EQB, don’t expect to see too many EQVs on the roads.

It is likely to appeal to airport transfer operators, hotels and other corporate customers that need to ferry multiple people around in comfort.

But given the kilometres those airport limo drivers can clock up in a day, is an EV capable of doing the job? And will these buyers be happy to fork out more than $150,000 for the privilege?

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2024 Lexus Lm350H 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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Deep dive comparison

2023 Mercedes-Benz Eqv300 2024 Lexus Lm350H

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