Lexus slashes EV and hybrid prices to boost private sales

Japanese luxury brand Lexus has significantly cut prices on its electric and hybrid models in a bid to boost sales to private buyers.

The largest price reduction is over £7,000 on its smallest EV model, the UX300e which now starts at £40,795, down from £47,495 - a savings of £6,700.

The larger RZ450e has also seen a price cut of £2,100, bringing the standard version down to £57,895.