Hyundai IONIQ 5 vs Lexus RZ

The Hyundai IONIQ 5 starts from $76,200 before on-road costs, while the Lexus RZ opens at $84,500. That makes the Hyundai IONIQ 5 the more affordable entry point by $8,300.

Once you factor in stamp duty, registration, CTP insurance, and dealer delivery, expect to add roughly 8-12% on top of the RRP depending on your state. That puts estimated driveaway prices in the ballpark of $83,820 and $92,950 respectively.

Both models qualify for Fringe Benefit Tax (FBT) exemption, which is a significant advantage for salary-sacrificed novated leases. Depending on your tax bracket, this can save $5,000-$15,000+ per year compared to an equivalent ICE vehicle.

Both the Hyundai IONIQ 5 and Lexus RZ hold a 5-star ANCAP safety rating.

Where the two diverge is in active safety technology. The Hyundai IONIQ 5 packs more ADAS features with 7 out of 10 key systems fitted, compared to 5 in the Lexus RZ.

Both include the essentials: autonomous emergency braking, lane keep assist, adaptive cruise control, a reversing camera. The Hyundai IONIQ 5 adds a 360-degree camera that the Lexus RZ misses.

How long each takes to charge — from a household power point to ultra-rapid DC — estimated from battery size and max charge rates.

The Hyundai IONIQ 5 features a 12.3-inch touchscreen paired with a 12.3-inch digital dash, while the Lexus RZ gets a 14-inch display and 7-inch instruments. Apple CarPlay and Android Auto are standard across both.

The Hyundai IONIQ 5 stands out with wireless Apple CarPlay/Android Auto, wireless charging, panoramic roof, ventilated seats and Bose audio that you will not find on the Lexus RZ. The Lexus RZ counters with Apple CarPlay and Mark Levinson audio. Which feature set matters more depends on your daily routine and priorities.

Interior trim differs: the Hyundai IONIQ 5 gets leather upholstery while the Lexus RZ offers synthetic leather.

The Hyundai IONIQ 5 uses a Electric producing 168kW and 350Nm of torque, sent through a automatic to a RWD layout. It covers the 0-100km/h sprint in 8.5 seconds.

The Lexus RZ responds with a Electric Motor making 280kW and 538Nm, paired to a automatic driving all four wheels. It gets to 100km/h in 4.6 seconds.

The Lexus RZ has the clear power advantage at 280kW vs 168kW. In the real-world sprint, the Lexus RZ is 3.9s quicker. For most buyers, the way each car feels day-to-day matters more than outright acceleration.

Battery: 84kWh (Hyundai IONIQ 5) vs 74.7kWh (Lexus RZ), giving WLTP ranges of 433km and 460km. DC fast charging peaks at 220kW (Hyundai IONIQ 5) vs 150kW (Lexus RZ).

The Hyundai IONIQ 5 measures 4,655mm long on a 3,000mm wheelbase, 150mm shorter than the Lexus RZ at 4,805mm (2,850mm wheelbase). The longer wheelbase on the Hyundai IONIQ 5 generally means more rear legroom.

Boot space is 520L in the Hyundai IONIQ 5 and 522L in the Lexus RZ, giving the Lexus RZ a 2L advantage.

For towing, the Hyundai IONIQ 5 leads with a 1,600kg braked capacity vs 750kg. That 850kg difference matters if you regularly hitch up.

Running cost data is not yet available for both models. We will update when figures are confirmed.

Warranty: 5 years / 999,999km (Hyundai IONIQ 5) vs 5 years / 999,999km (Lexus RZ). Both match on warranty length.