Upgraded 2026 Toyota bZ4X is now $10,000 cheaper! Huge price cuts mean it’s more affordable than Tesla Model Y
The inbound heavily updated 2026 Toyota bZ4X has had its price slashed only days after outgoing Australian sales and marketing boss Sean Hanley rejected a description of its electric vehicle strategy Down Under as “a flop”.
When the upgraded 2026 Toyota bZ4X lands in the second quarter of 2026, along with the larger bZ4X Touring, the entry single e-motor front-drive version of the mid-size SUV will be priced from $55,990 before on-road costs – $10,010 less than before.
The dual-motor all-wheel drive flagship, meanwhile, now costs $67,990 plus on-roads, a drop of $6910 compared to the outgoing car.
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But with just 915 bZ4Xs delivered so far in 2025, Toyota has bowed to the inevitable.
The new bZ4X pricing undercuts the dominant Tesla Model Y that costs $58,900 (RWD) and $68,900 (Long Range AWD).
Accompanying the significant price drop, the bZ4X arrives with more power, a longer range and extra standard kit, enhancing its value further.
Both the front- and all-wheel drive get a new 74.7kWh lithium-ion battery and punchier powertrains.
The bZ4X 2WD now features an e-motor that produces 165kW (+15kW) and 268.6Nm (+2.6Nm).
The battery powerpack allows the Toyota SUV to cover up to 591km (+155km) on a single charge – considerably better than the equivalent Model Y (466km).
The bZ4X AWD, meanwhile, now pumps out 252kW (+92kW) and 438Nm (+101Nm) and can now travel 517km (+106km) on a single charge, which is a long way off the 600km the Model Y Long Range AWD can drive.
AC charging on both vehicles has been boosted from 11kW to 22kW, while the DC charge rate is capped at 150kW.
The AWD can now also haul up to 1500kg (braked) – twice the previous capacity.
Helping differentiate the new bZ4X from the current model, it adopts the brand’s latest ‘hammerhead’ trademark face.
The base bZ4X 2WD now comes with extra kit that includes a fresh set of 18-inch alloy wheels, roof rails, puddle lamps and gloss black arches.
Within, there’s a 14-inch infotainment screen (up from 12.3-inches), new paddle shifters, two wireless phone chargers, a heated steering wheel, gesture tailgate, and a handy 1500W inverter in the rear boot to power small appliances.
Safety kit, meanwhile, includes blind-spot monitoring, rear cross-traffic alert, safe exit assist, a 360-degree camera that were all once only available on the most expensive AWD model.
Speaking of which, at the top of the tree, the dual-motor bZ4 AWD gets new 20-inch rims.
Options include premium paint ($595) and a two-tone exterior finish ($1350) that is reserved for the AWD.
Boosting its appeal further, the bZ4 FWD and bZ4X AWD are offered with a free 7kW Jet Charge wallbox, or a one-year/625kWh Chargefox voucher if you order your car from now until the end of 2026.
As part of its drive to rocket EV and PHEV sales by an incredible 7400 per cent over current volumes, Toyota Australia will offer a $5000 limited time deposit contribution for the bZ4X 2WD and a $7500 kick-in for the bZ4X AWD for those financing their car via Toyota Finance Australia.
Motivating the price cuts, Toyota has already declared that 30 per cent of all sales by 2030 Down Under will be zero or low emission vehicles.
Helping fulfill its aim, the current bZ4X EV will be joined by the HiLux EV, bZ4X Touring and its first plug-in hybrid, the RAV4 PHEV in the third quarter of 2026.
So far, Toyota has delivered 915 bZ4X and nine Mirais accounting for a paltry 0.4 per cent of the 221,322 cars it has sold in Australia in the first 11 months of 2025.
