Lexus announced pricing for its 2013 ES 350 and ES 300h models today, which officially confirms the new model year taking a 1.7 percent price cut while also releasing pricing for the first-ever ES 300h.
Including the $895 destination fee, the gas-only full-size luxury sedan will cost $36,995, but customers will get an arguable better package despite the mild price drop. That’s because the 2013 model is, for the first time, based on the Toyota Avalon instead of its traditional Camry underpinning.
Along with the newly-shared chassis, Lexus is also offering a hybrid version of the car for the first time, the ES 300h, which comes at a conservative $2,750 premium; the least of any in the Lexus lineup.
For that price increase, the ES 300h is powered by a 2.5-liter Atkinson cycle engine four cylinder engine which pairs with the hybrid drive system for a total 200 hp output. This is the first time an ES will be sold with a four cylinder and even with the electric motor it is significantly less powerful than the V6 ES 350, which offers 268 hp and 248 lb-ft of torque.
Then again, the focus for a hybrid car is obviously geared toward gas mileage before performance, something the new hybrid is expected to offer in spades with a 40 mpg city and 39 mpg highway EPA estimate.
Both cars offer drive mode selection borrowed from Toyota’s donor car to offer the choice between normal, eco and sport driving modes. Those that opt for the hybrid will also find an EV button in the cabin capable of powering the car for short distances at low speed on electricity alone – a common feature on most modern hybrids.
Look for both of the new Lexus sedans to hit dealerships in August.