The RZ 550e F Sport, new for 2026, is the sportiest of the lineup. It's got 408 horsepower, retuned suspension dampers, exclusive 20-inch wheels with aero covers, and even a slightly comical-looking rear wing.
Frankly, this model drives largely the same as the 500e. I didn't notice much of a difference in the suspension or overall handling. That said, the 550e F Sport is certainly quicker than the 500e, and even more so than the 450e we'll get in the U.S.; Lexus says it'll scoot from 0 to 60 mph in just 4.1 seconds. Whether that 0.8-second reduction in 0-60 time is worth a 38-mile sacrifice in range, though, is up to you.
More interestingly, the RZ 550e F Sport debuts Lexus' first-ever "virtual manual" gear shift system, called M mode. It's similar to what Hyundai offers on the Ioniq 5 N: Eight simulated gears can be cycled through via paddles on the steering wheel, and there's an accompanying sound to go along with it. However, while Hyundai's system is fantastic, fun and truly enhances the driving experience, Lexus' still needs some work.
Unless you "upshift" after holding a fake "redline" for a moment, you just don't feel much of anything, and even those shifts seem to get less and less intense as your speed increases. The sensation you do feel is a bit of a jolt, but at least it's something. "Downshifts" are even worse, with almost no essence of simulated engine braking to speak of. But none of that compares to the sound.
Oh, the sound. Activating M mode also turns on a simulated sound that's meant to add to the performance sensation, but honestly, I laughed when I heard it. It's a tinny, pseudo-spaceship noise that doesn't sound like any part of any vehicle, electric- or gas-powered. It's also too quiet, and doesn't get louder as you near "redline" — though, given how dumb it sounds, I'm OK with that. Fortunately, this is a pretty easy fix, and hopefully Lexus will offer better sound options in the future.
On a more positive note, when in M mode, the 550e F Sport will legitimately hold "gears" and not increase speed until you shift, just like a real paddle-shift transmission. And while it may not be the best execution of a simulated gearbox, I have to give Lexus a ton of credit for even including a system like this, especially on a relatively mundane SUV like the RZ. It shows the brand cares about the driving enthusiast and values providing a fun experience, and at the end of the day, that's what matters most. Let's just hope Lexus works out the kinks by the time it launches a properly sporty EV.