Automotive

Lexus Drops TX PHEV: 2027 Lineup Cuts Top-Tier Model as Acura Plans Rival

PHEV exits North America while Japan gets an all-electric TX

Lexus is shrinking the TX lineup rather than expanding it. The plug-in hybrid TX 550h+ disappears from the 2027 model year, leaving a gap at the top of the range until company representatives say the return is in active development.

What remains are two powertrains. The TX 350 uses a 275-horsepower 2.4-liter turbocharged inline-four. The TX 500h carries a 366-horsepower hybrid system. Prices moved slightly upward across the board, with the entry-level TX 350 starting at $58,890 including destination charges and the top-tier hybrids pushing past $75,000.

The pricing table below reflects the adjustments.

Trim Level

Drivetrain

2026 MSRP

2027 MSRP

TX 350

FWD

$58,490

$58,890

TX 350 AWD

AWD

$60,090

$60,490

TX 350 Premium

FWD

$61,290

$61,690

TX 350 Premium AWD

AWD

$62,890

$63,290

TX 350 Luxury

FWD

$63,640

$64,040

TX 350 Luxury AWD

AWD

$65,240

$65,640

TX 350 F SPORT Handling

AWD

$67,760

$68,160

TX 500h F SPORT Performance Premium

AWD

$72,010

$72,410

TX 500h F SPORT Performance Luxury

AWD

$75,160

$75,560

Under the skin, the gas-powered TX 350 receives revised vacuum brake booster tuning and brake hold software refinements. Matador Red Mica returns as a paint option but only on non-F SPORT configurations. The TX 500h replaces its “DIRECT4” rear badge with standard “AWD” lettering, and the Premium grade adopts a darker gray finish on its 20-inch aluminum wheels.

The TX has already outpaced initial sales projections and now trails only the RX and NX in Lexus brand volume in North America. That dominance is drawing a specific competitor response: Acura is reportedly evaluating an expansion above the MDX aimed squarely at buyers wanting third-row dimensions.

While the North American TX leans on internal combustion and hybrid architectures, Lexus is taking a different path for Japan. Industry intelligence indicates the domestic Japanese TX will skip gas engines entirely and debut as a fully electric vehicle.

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