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Hybrids & plug-ins › Mercedes-Benz EQE SUV vs Lexus RX 500hElectric vs hybrid · Updated November 2026

Mercedes-Benz EQE SUV vs Lexus RX 500hElectric or hybrid: which costs less?

The verdict

Mercedes-Benz EQE SUV 300✓ Cheaper to run
Lexus RX 500h F Sport Performance AWD✓ Cheaper to own✓ Lower price✓ Cheaper servicing

Based on the cheapest version of each, 250 km a week in NSW, mostly charged at home. Details in the table below.

The Lexus RX 500h F Sport Performance AWD is about $4,004 cheaper to own over 5 years than the Mercedes-Benz EQE SUV 300. Week to week, charging the Mercedes-Benz EQE SUV 300 mostly at home in NSW costs about $15.38, against $35.64 of petrol for the Lexus RX 500h F Sport Performance AWD, a running saving of about $1,053 a year for the EV.

Mercedes-Benz EQE SUV
543 kmLarge luxury SUVClaimed range, 30089 kWh battery4.86 m long
Lexus RX 500h
6.5 L/100 kmHybrid · Large luxury SUVClaimed petrol use, against a typical petrol SUV≈ 800 km per tank in real driving4.89 m long

Side by side

Comparing the Mercedes-Benz EQE SUV 300 and Lexus RX 500h F Sport Performance AWD. Better figure in green. 250 km a week; the EV is charged mostly at home and petrol is NSW's average this week.

Mercedes-Benz EQE SUV 300Lexus RX 500h F Sport Performance AWD
Price$136,600+ on-roads$131,100+ on-roads
TypeElectricHybrid (petrol)
Energy use16.4 kWh/100 km6.5 L/100 km
Range543 km per charge≈ 800 km per tank in real driving
Refuel or rechargeOvernight at home, or 173 kW fast chargingA few minutes at any servo
Charging or fuel per week (NSW)$15.38$35.64
Servicing per year$700$695
Tyres per year$817$468
Home charger (one-off)$2,000Not needed
Length4.86 m4.89 m
Warranty5 yrs / unlimited km (battery 8 yrs / 160,000 km)5 yrs / unlimited km
5-year cost to own$154,184$150,180
What do "on the road" and "cost to own" mean?

Before on-road costs (+ on-roads): the car's list price only. You pay extra government charges and dealer fees on top when you buy.

On-road costs: stamp duty, first year's registration, compulsory third party (CTP) insurance, number plates and the dealer's delivery fee. They usually add $3,000–6,000 depending on the car and your state. Where a price is "before on-roads" we add about $4,000. See stamp duty and rego by state.

Drive-away: a price that already includes the on-road costs, so it's what you actually pay to drive the car home.

On the road price: the drive-away price, or the list price plus our on-road estimate.

Cost to own: everything you'd spend over the years you keep the car (5 unless you change it): the on the road price, plus a home wall charger for EVs (about $2,000, one-off), plus charging or fuel, scheduled servicing and tyres for every year. Divide it by the number of weeks to see what the car really costs you each week.

Match score (Pick my car): this is about fit, not quality. Each car that fits your answers is compared only with the other cars that fit, on eight things, and a car that does something less well than the others in that group scores lower on it, even if it's good at it. Change your budget or answers and the group changes, so the scores do too. The eight things: how much car the money buys (price, 20%), ANCAP safety rating (15%: a current rating counts in full, an expired one less, and a car ANCAP hasn't rated counts as middling), range (15%), performance (0–100 km/h, or power where no time is published, 10%), fast-charging speed (peak DC kW, 10%), warranty length (10%, with the battery warranty counted for cars that plug in), servicing and tyre costs (15%), and recalls and track record (5%: major recalls in Australia on our list count against a car (our recall list covers the bigger, well-reported ones, so a clean record here is not a guarantee), and models sold here for longer get a little credit). A figure we don't have counts as middling, not as bad. "Most car for my budget" ranks by this match score; "Lowest cost to own" ranks by cost and uses the score only to split near-ties.

Not included: yearly rego renewals and insurance after the first year (see what EVs and hybrids cost to insure), finance interest, and what the car is worth when you sell it. These vary too much by person and car to estimate fairly, and resale value is the biggest unknown, especially for newer brands.

Compare with your own numbers

Weekly running cost by state

250 km a week. Electricity is each state's 2026–27 default rate; petrol is each capital's average on 12 November 2026.

StateMercedes-Benz EQE SUV (charging)Lexus RX 500h (petrol)
NSW$15.38$35.64
Victoria$13.35$36.43
Queensland$13.20$35.70
South Australia$18.33$34.84
WA$15.16$34.77
Tasmania$12.02$37.83
ACT$16.52$37.72
NT$13.98$39.02

Beyond the running costs

Both are large luxury SUVs, so the choice comes down to the details. Only the Lexus RX 500h comes with all-wheel drive.

Mercedes-Benz EQE SUVLexus RX 500h
TypeLarge luxury SUVLarge luxury SUV
ANCAP safety5 stars (tested 2023)5 stars (tested 2022)
0–100 km/h7.6 s6.2 s
DriveRWDAWD
On sale here since2023Not on file

Safety ratings are ANCAP's; towing and performance are the makers' figures, across all versions. Sources are on each car's page: Mercedes-Benz EQE SUV · Lexus RX 500h.

Next step

Try them with your own driving

Compare these two in Compare ›

Change your state, kilometres and home charging, or add a third car.

Common questions

Is the Mercedes-Benz EQE SUV or Lexus RX 500h cheaper to own?

The Lexus RX 500h F Sport Performance AWD is about $4,004 cheaper to own over 5 years than the Mercedes-Benz EQE SUV 300. This counts the price, a home charger for the EV, charging or fuel, servicing and tyres, driving 250 km a week in NSW.

Which is cheaper to run each week, the Mercedes-Benz EQE SUV or Lexus RX 500h?

In NSW, the Mercedes-Benz EQE SUV 300 costs about $15.38 a week to charge mostly at home, and the Lexus RX 500h F Sport Performance AWD about $35.64 a week in petrol, for 250 km of driving.

Do I need a home charger for the Mercedes-Benz EQE SUV?

Not necessarily. A normal power point adds roughly 150 km overnight, which covers most daily driving. A wall charger typically costs $1,000–$3,000 installed and charges about three times faster.

More comparisons

How we work it out, and our sources

Weekly cost = the car's energy use × 250 km × your electricity or fuel price, with 90% of charging at home. Prices are list prices at November 2026; check with the dealer.

  • Electricity: 2026–27 default rates (AER, Victorian Default Offer, state retailers). Public charging: Sydney network prices, July 2026.
  • Petrol and diesel: capital-city daily averages from state government price feeds, via FuelRadar, 12 November 2026. Diesel for Hobart, Canberra and Darwin is estimated from the national fall.
  • Cars: maker figures via CarExpert, Drive, CarsGuide and EV Central. Plug-in electric range is taken as 80% of the claim.
  • Servicing: published capped prices; marked as an estimate where not yet published (CarExpert comparison).
  • Tyres: an EV set lasts about 35,000 km, a petrol or hybrid set 50,000 km (RACV); prices from Gridly.
  • Home charger: about $2,000 installed ($1,000–$3,000). Novated leases: PwC summary.

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